6 bedroom apartment for sale

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6 bedroom apartment for sale

Higher Market Street
£430,000

Our Summary

  • Currently producing a healthy yield with the potential to increase
  • Clear potential to achieve a higher income in the future with building refurbishment

Description

This investment property is a three-storey, terraced property in the heart of Penryn, comprising six self-contained studio flats that are currently fully tenanted and producing a healthy yield of £3620 per month, or £43,440 per year. The property is freehold and has a range of features, including electric heating, hot water, and showers in each flat, as well as a communal laundry room and outside area for bins and recycling. The property is located on Higher Market Street, with shops, bus stops, and other local amenities nearby, and is within walking distance of Penryn Railway Station and the town's campus. The property has potential for further income growth through refurbishment, and offers a unique opportunity for an investor to purchase a fully tenanted property with a strong income stream.