A great investment opportunity with planning permission for the demolition of the existing garages with full planning permission for 4 x 3-bedroom houses all with front and rear gardens and parking. Planning reference PA25/01601.
The garages are currently let with a rental income of £16,000 per annum. There are 2 further garages that are not let so there is potential for the new owner to increase the income.
Close to transport links and easy access to the town centre. Heamoor is a small village located approx. 1-mile form Penzance. It has lots of local amenities including a primary and secondary school, village shop, pub, church and chemist. A short walk of 10-15 mins brings you into Penzance town centre via an underpass.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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