8 bedroom block of apartments for sale

Investment Opportunity – Block of 8 Tenanted Units with Planning Approved for High End Development. A ready-made income generator today, with the blueprint for a lucrative, design-led development tomorrow.

An exceptional opportunity for investors and developers—this substantial freehold property is currently configured as 8 self-contained units (5x one-bedroom flats, 3x studios), fully tenanted and projected annual income of over £61,500, for the coming year with low annual outgoings.

The flats have been recently refurbished in areas and electrical systems upgraded. Six of the eight flats have their own separate electricity meter, providing ease of management and lower overheads. The building offers a net internal area of 257.9 sq/m, with strong rental demand and consistent occupancy history.

Set on an elevated position, several of the current flats enjoy beautiful sea views over Newquay, highly desirable for both current tenants and future high-end buyers or renters.

Current Configuration:
Unit Breakdown:

5 x 1 Bed units
3 x Studios
Floor Area (NIA): Total 257.9sqm

Ground Floor
Unit 1: 1 Bed, (36.3 sqm)
Unit 2: 1 Bed, (38.6 sqm)
Unit 3: 1 Bed, (47.1 sqm)
Unit 4: Studio, (18.1 sqm)

First Floor
Unit 5: 1 Bed, 39.6 sqm)
Unit 6: Studio, (18.7 sqm)

Second floor
Unit 7: 1 Bed, (38.3 sqm)
Unit 8: Studio, (21.2 sqm)

Planning Permission Approved – High-End 6 Apartment Scheme. CGI photos show proposed development.
Full planning permission has recently been granted to transform the property into six high-spec apartments (1x 1-bed and 5x 2-bed), increasing the net lettable area to 464 sq/m—an 80% uplift offering excellent capital growth potential.

Proposed Layout:

Ground Floor:
Unit 1: 1-bed (58.4 sq/m)
Unit 2: 2-bed (83.6 sq/m)

First Floor:
Unit 3: 2-bed (77.4 sq/m)
Unit 4: 2-bed (92.8 sq/m)

Second Floor:
Unit 5: 2-bed (71.6 sq/m)
Unit 6: 2-bed (80.2 sq/m)

Off-Street Parking Included – The proposed scheme also includes car parking provision for each apartment, enhancing rental and resale appeal—an increasingly rare and valuable asset in the area.

Prime Location & Thoughtful Design:
Located in a well-connected, desirable area the proposed development respects existing building lines while upgrading the façade and residential offering.

Architectural plans, layouts, and planning documents available on request.

Contact us now to secure this rare dual-income and development opportunity.

About the area
Newquay, located on Cornwall’s stunning north coast, is a thriving seaside town that offers strong potential for property investors. Known as the UK’s surfing capital, it attracts over a million visitors annually, fuelling a lucrative holiday rental market. The town benefits from excellent connectivity via rail and air, with direct links to major UK cities. Newquay’s property market has seen steady growth, driven by increasing demand from remote workers and lifestyle movers seeking coastal living. With ongoing developments like the Spaceport Cornwall initiative and the Nansledan housing expansion, the town offers both immediate rental yield and long-term capital growth opportunities, making it an ideal location for investment.

Material information
Council tax band: A for each flat
Property type: Period property configured as 8 flats
Property construction: Standard form
Electricity supply: Mains electricity
No gas
Solar Panels: No
Other electricity sources: No
Water supply: Mains water supply
Sewerage: Mains
Heating: Electric
Broadband: Ultra fast available at this address
Mobile: Good signal
Parking: some off-street parking not designated
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: Very low
Planning permission issues: No - recent planning approved for development of six luxury flats
Accessibility and adaptations: None
Coal mining area: No
Non-coal mining area: Yes
Seller advised that property is mundic free
Energy Performance rating: EPC's for each flat between D and E All attached
All information is provided without warranty. The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.