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Penryn 5 bed terraced house for sale
Penryn
£750,000
Penryn
£750,000
Our Summary
- PROPERTY DESCRIPTION INVESTMENT OPPORTUNITY
- In need of some modernisation
- Investment opportunity
Description
This is an investment opportunity to purchase a company that owns a building in central Penryn with one studio and four one-bedroom flats, as well as a private road in Mawnan Smith. The properties generate income through annual estate charges and ground rents, with the Penryn flats bringing in approximately £39,400 per year and the Mawnan Smith assets generating around £6,000 annually. The company is being sold as a whole, offering a significant advantage to the buyer as there is no stamp duty payable on the properties themselves, only a reduced stamp duty on the share purchase. The flats are currently rented out, with EPC ratings ranging from D to E, and offer a mix of modern and older properties that may require some modernization.