Summary -
Flat 1,12 Broad Street,PENRYN,TR10 8JH
TR10 8JH
5 bed 1 bath Terraced
**Investment Opportunity Summary:**
- **Property Type**: Freehold, Georgian three-story terraced building
- **Bedrooms**: 5 total across multiple rental units
- **Bathrooms**: 1 in the main unit, various in rental units
- **Location**: Prime area of Penryn, convenient urban living
- **Current Rental Income**: Approximately £39,400 per year from four one-bedroom flats and an additional £6,000 from leasehold properties in Mawnan Smith
- **Condition**: Requires renovation, particularly in the second-floor flat
- **EPC Ratings**: D/D/D/E/E
- **Chain Status**: Chain-free and ready to move forward
This unique investment opportunity presents a central Penryn property comprising one studio and four one-bedroom flats, ideal for investors seeking immediate rental income with long-term tenants already in place. Featuring original Georgian design and period features, the structure boasts large rooms and high ceilings, offering scope for renovation to increase rental value.
While the property requires some modernization, especially on the upper floors, its prime location and established tenant base present a solid foundation for future growth. Moreover, the direct purchase of the company allows buyers to enjoy a significant tax advantage regarding stamp duty.
Situated within a city renowned for its amenities and with good local schools—such as Penryn Primary Academy and Penryn College—this property not only appeals to renters but also ensures a steady demand. With fast broadband and excellent mobile signal, the urban setting accommodates modern living essentials. Seize this rare opportunity to invest in a property with existing income and the potential for value enhancement. Act quickly as such a promising package may not last long!
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