.png){kind=logo}
Coinage House
Princes Street
Truro
TR1 2ES
Trenance Road, Newquay
£650,000
8 Bedroom House - Detached
Investment Opportunity – 8 Tenanted Units with Planning for High-End Development
A superb opportunity for investors and developers. This freehold property has 8 self-contained units (5x 1-bed flats, 3x studios), fully tenanted, generating over £55,000 pa with low outgoings. Some flats have been refurbished and six have separate meters. NIA: 257.9 sq/m with strong demand and steady occupancy.
Elevated location with sea views from several units, ideal for tenants and future buyers.
Current Layout:
5 x 1-bed, 3 x studios
Ground: 3x 1-bed, 1x studio
First: 1x 1-bed, 1x studio
Second: 1x 1-bed, 1x studio
Planning Approved – 6 High-End Flats:
Recently approved for conversion to 6 luxury flats (1x 1-bed, 5x 2-bed), expanding lettable area to 464 sq/m (80% uplift). Includes off-street parking for each flat, a rare asset in Newquay.
Proposed Layout:
Ground: 1x 1-bed (58.4 sq/m), 1x 2-bed (83.6 sq/m)
First: 2x 2-bed (77.4 & 92.8 sq/m)
Second: 2x 2-bed (71.6 & 80.2 sq/m)
Prime Location:
Newquay’s coastal charm attracts steady growth and demand, driven by remote workers, lifestyle movers and holiday lets. Excellent links via rail and air, plus projects like Spaceport Cornwall and Nansledan housing boost investment potential.
Material Info:
Council tax band A, mains electric and water, no gas, EPCs D-E. Some off-street parking (not designated). No listed or conservation area status, mundic free (per seller). No major issues or flood risk. Ultra-fast broadband and good mobile.
Plans and planning documents available on request. Contact us today to secure this rare dual-income and development opportunity.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
Property data and search facilities supplied by www.vebra.com