12 bedroom block of apartments for sale

Summary
The property was beautifully converted into six stunning 2 bedroom flats in 2020. Property values in Newquay have risen by 33% in the last five years and 56% in the last 10 years. With a growing reputation as a desirable place to live and visit, Newquay offers significant potential for both rental income and long-term capital growth, making it an ideal location for property investment.

As a potential lifestyle business a buyer could live in one or two of the flats and manage the others.

Over recent years has been run as a mix of holiday let and AST

Currently now run as 6 high end holiday lets with projected income of between £160K and £192K for 2025. (In 2020/21 all units were holiday let and 150k was achieved)

If run as long term lets the expected rent would be a minimum of £1050 - £1150 per flat pcm based on actual rental income achieved in recent years

EPC C

395.5 sqm (4,257 sq ft) total accommodation

Premium finishes throughout

Parking for 8 cars

Walking distance to Newquay's award winning beaches and the town with it’s many restaurants and shops

Option to buy fully furnished (by negotiation) and with bookings in place

Option for handover of management systems and housekeeping services

Freehold

FLAT ONE (shared lobby with flat 2)
Ground floor
Open plan living/dining room
2 double bedrooms
2 bathrooms (one ensuite)
78.4 sqm
Allocated parking
High spec finish throughout
Outside seating area
EPC C

FLAT TWO (shared lobby with flat 1)
Ground floor
Open plan living/kitchen/dining room
2 double bedrooms
2 bathrooms (one ensuite)
82.9 sqm
Allocated parking
High spec finish throughout
Large private garden and additional rear terrace
EPC C

FLAT 3 (shared lobby with flat 6)
Ground floor
Open plan living/kitchen/dining room
2 double bedrooms
1 bathroom
53.2 sqm
Allocated parking
High spec finish throughout
Private garden/patio
EPC C

FLAT 4
First floor
Private entrance
Sea views
Open plan living/kitchen/dining room
2 double bedrooms
2 bathrooms (one ensuite)
70.1 sqm
Allocated parking
High spec finish throughout
Balcony (shared access with flat 5)
EPC C

FLAT 5
First floor
Private entrance
Open plan living/kitchen/dining room
2 double bedrooms
1 bathroom
55.4 sqm
Allocated parking
High spec finish throughout
Private balcony
EPC C

FLAT 6
First floor (shared lobby with flat 3)
Open plan living/kitchen/dining room
2 double bedrooms
1 bathroom
55.5 sqm
Allocated parking
High spec finish throughout
EPC C

Verified Material Information

Council tax band: A (per flat)
Council tax annual charge: circa £1600 per flat but business rates have been applied for and small business rates could apply
Property type: Flat conversion
Property construction: Standard form
Electricity supply: Mains electricity
Solar Panels: No
Other electricity sources: No
Water supply: Mains water supply
Sewerage: Mains
Heating: Gas Central heating
Broadband: Cable broadband
Mobile: EE Likely. Three, O2 and Vodafone Limited
Parking: Allocated 8 spaces
Building safety issues: No
Restrictions - Listed Building: No
Restrictions - Conservation Area: No
Restrictions - Tree Preservation Orders: None
Public right of way: No
Long-term area flood risk: No
Coastal erosion risk: No
Planning permission issues: No
Accessibility and adaptations: None
Coal mining area: No
Non-coal mining area: Yes
Energy Performance rating: C

About the area

Newquay is a vibrant coastal town known for its stunning beaches, world-class surfing, and breathtaking natural beauty. Its appeal as a tourist hotspot ensures strong demand for holiday rentals, while ongoing investments in infrastructure and amenities make it increasingly attractive for permanent residents. The town boasts a thriving community, excellent schools, and easy access to transportation links, including Newquay Airport.

Highlights of the Area
Newquay Town Centre (10-15 mins walk): A short walk away, the town centre features an eclectic mix of shops, cozy cafes, vibrant bars, and restaurants catering to all tastes, from traditional Cornish fare to international dishes.

Family-Friendly Beaches (15 mins walk): Nearby Lusty Glaze Beach and Porth Beach provide golden sands and calm waters, making them ideal for families and those looking for a relaxing day by the sea.
Fistral Beach (5 mins drive): This iconic beach is renowned for its excellent surfing conditions and active beach culture, offering opportunities for water sports or simply soaking in the coastal vibe.

DISCLAIMER. These particulars, whilst believed to be accurate, are set out as a general outline for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in the employment of Keller Williams has the authority to make or give any representation or warranty in respect of the property. We would also point out that we have not tested any of the appliances and purchasers should make their own enquiries to the relevant authorities regarding the connection of any services.