Summary - 5 SYLVERTON PLACE HEAMOOR PENZANCE TR18 3EP
1 bed 1 bath Village House
Low-management income close to Penzance with immediate cashflow potential.
- Seven garages sold together as one freehold lot
- Garages split: block of four and block of three
- All units reportedly in excellent condition
- Current rents collected by standing order
- Quiet rear location with gate access from Sylverton Place
- Small plot with limited scope for expansion
- Area classed as very deprived; consider demand risks
- Slow broadband in area; plan for tenant expectations
A compact, income-producing block of seven garages in Heamoor, offered as a single freehold parcel. The garages are arranged in a block of four and a block of three, are described as being in excellent condition and sit in a quiet rear location with gate access from Sylverton Place. All current rents are received by standing order, giving immediate cashflow.
This is a straightforward, low-management investment aimed at buyers seeking simple vehicle/storage income close to Penzance. Heamoor is about one mile from Penzance town centre and has local amenities including schools, shops and a pharmacy. There are good walking routes nearby and a short walk into the town via an underpass.
Material considerations: the surrounding area is classified as very deprived with a wider profile of blue-collar terraces and challenged local demographics. Broadband speeds in the area are slow and the plot is small, limiting expansion potential. There is no flood risk, crime is reported as low and mobile signal is excellent.
Purchasers should budget for routine upkeep of external surfaces and roofing typical of mid-20th-century garage blocks, and confirm rental terms and tenant checks independently. For an investor wanting a simple, near-term yield with minimal tenant turnover, this cluster offers immediate entry to the local market.
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