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5 bedroom block of apartments for sale
184 Mount Wise, Newquay, Cornwall TR7 1QN
£400,000
184 Mount Wise, Newquay, Cornwall TR7 1QN
£400,000
Our Summary
- For sale by Unconditional Livestream Auction 3rd December 2024 at 14
- All apartments have been recently refurbished, with one currently still undergoing refurbishment (which will need finishing off by a potential purchaser)
- There is a substantial rear storage area, which could be further developed, subject to appropriate consent
- Externally there is a garden to the front and rear garden which could be utilised for parking with some works, if required
- VIEWINGS Regular block viewing sessions will be provided in the lead up to the auction
- Please telephone Auction House South West on to request a viewing
Description
This freehold building in Newquay, Cornwall, is a rare investment opportunity, offering a potential gross annual income of £189,000 from its five apartments. The property has been recently refurbished, with one apartment still undergoing works, and is currently operated as emergency housing with a contract in place with the local council. The apartments are arranged over three floors, with a studio and one-bedroom flats, and a substantial rear storage area that could be developed subject to consent. The property is being sold as a going concern, with a management contract in place, but buyers can serve short notice if they require vacant possession. The property is situated in a popular area, close to town and beaches, and offers potential for further development. Regular viewings will be available in the lead up to the unconditional livestream auction on December 3rd, 2024.