Summary - 3 CENTRAL SQUARE NEWQUAY TR7 1EX
3 bed 1 bath Takeaway
Well‑located income property for cash buyers or specialist lenders seeking immediate yield.
- Freehold investment with rental income £32,000 pa (approx. 8% ROI)
- Prominent town-centre parade position, high footfall location
- Recently refurbished internally and externally, trading-ready
- Mixed-use building: large trade area plus three-bedroom accommodation and bedsit
- Only 10 years remain on lease; likely restricts mortgage lending
- Located in a very deprived area with high local crime rates
- Very slow broadband could hinder delivery/digital ordering operations
- Small plot with limited potential for extension
A freehold, income-producing takeaway in Newquay town centre, offered with a current rent of £32,000 per year (approx. 8% ROI). The premises occupy a prominent position on a busy parade and have been recently refurbished internally and externally, reducing immediate capital expenditure. The building includes ground-floor trade space, basement prep/kitchen areas and first/second floor residential accommodation (three bedrooms plus a bedsit), giving mixed-use flexibility.
Important lender and location considerations are clear: only ten years remain on the commercial lease, which is likely to restrict mortgage options and could deter some purchasers. The property sits within a very deprived area with a high local crime rate and very slow broadband — factors that may affect long-term tenant demand and resale values.
Practical strengths include a freehold title, immediate rental income, large trade area with high ceilings and Victorian period character that suits hospitality use. The small plot size and central position mean limited scope for extension, but the recently renovated condition and proven trading location make this a straightforward hands-off investment for a buyer able to accept the lease term and local market challenges.
This is aimed at experienced investors or buyers who can fund a cash purchase or source specialist lending. Be aware of the lease length and local socio-economic indicators when assessing future exit strategies or refinancing options.
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