Available

Under Offer

Apartment Block

Falmouth

Freehold

Sector: Investments

Guide Price £1,450,000

01326 318813

[email protected]

Summary

A substantial freehold building comprising 15 self-contained residential apartments located on this extremely sought after road, moments from Gyllyngvase Beach and Falmouth’s seafront. The property, arranged over ground, first and second floors, totals circa 8,354 Sq Ft (776 Sq M) and is let out in its entirety, generating a gross annual income of £114,120. The plot totals approximately 0.3 acres. Externally, there are front and rear gardens, and plentiful parking.

Key Features

Substantial freehold investment building with value-add potential

Prime Falmouth location, moments from Gyllyngvase Beach

Comprising 15 residential apartments (19 bedrooms)

Gross annual income of £114,120

Totalling 8,354 Sq Ft / 776 Sq M

Guide price reflecting a low capital value of circa £174 per Sq Ft

Circa 0.3-acre freehold plot

EPCs ranging from C-D

Location

Floor Plan

Details

LOCATION

Falmouth is undoubtedly one of Britain’s most thriving and lively towns, offering a unique lifestyle with a bustling town centre and beautiful beaches. Recently voted as the best place to live in the UK by readers of The Sunday Times, the town offers many attractions such as Pendennis Castle, the National Maritime Museum, excellent sailing waters and a plethora of shops, bars, pubs and restaurants which buzz throughout the year. The combination of maritime heritage and modern creativity makes the town hugely popular; it is a constant carnival during the summer months, yet still energetic in the winter, offering great food festivals and sea shanties to keep all entertained. Many beautiful areas surround Falmouth, including Flushing, Mylor and the Helford River.

MICRO LOCATION

More specifically, the property is located on Spernen Wyn Road, an extremely desirable residential road, moments from Gyllyngvase Beach and Falmouth’s seafront. Nearby points of interest include: St Michael’s Resort, Gyllyngvase Beach, Swanpool Beach and Falmouth town centre.

PROPERTY

A substantial building, originally operating as a guest house and thereafter significantly extended, arranged over ground, first and second floors, totalling 8,354 Sq Ft. In total, there are 15 residential apartments comprising 19 bedrooms within the building, all of which are let out.

INCOME

All 15 apartments are let out on AST’s, generating a gross income of £114,120 per annum.

SERVICES

We understand the property is serviced by mains water, electricity and drainage, with gas central heating.

EPCs

The Energy Performance Certificate ratings for the 15 flats range from C to D, and are all valid.

VIEWINGS & ENQUIRIES

All enquiries and viewing requests are to be made directly through Laskowski & Co – the vendors’ sole agent, on 01326 318813 and [email protected].

TENURE

Freehold.

COUNCIL TAX

Band A – Cornwall Council.

Request a viewing

James Dart

15/11/2023

James and the team at Laskowski & Co managed the sale of our property with great care and professionalism – Thank you!

Kate Marsden

25/10/2023

Esme dealt with our house purchase from start to finish & was absolutely brilliant. Nothing was too much trouble & she was always available & replied to emails immediately. I would definitely use Laskowski in the future again & would recommend them to anyone I knew looking to sell. 5 star service all round! ⭐️⭐️⭐️⭐️⭐️

Liz G-T

11/10/2023

It was a pleasure dealing with the whole team at Laskowski & Co. From their local insight at instruction and right through the whole sales process, I would like to say how warm and professional everyone has been. They are clearly dedicated to delivering great customer service and they did just that. Totally recommend the Laskowski team to anyone.

Tomas Chaigneau

06/10/2023

Laskowski were great and helped us with our house sell and house buy! It went very smoothly and within 3 months! The whole team has been super helpful from valuing our house, to regular chats to discuss progress of the sale. James in particular was always quick to get back in touch and aid the buying of our new house!

Steve Deacon

01/10/2023

James and the team at Laskowski & Co delivered a professional and personal service throughout our recent house sale. Always available to discuss questions and strategy, they gave sound advice based on extensive experience of the property market. James really went above and beyond organising last minute surveys and inspections for our buyer to ensure the chain (and sale) stayed on track. We have no hesitation in recommending them due to the excellent service they provided from valuation to completion.

John Brame

11/09/2023

Excellent experience dealing with the whole team at Laskowski’s during our search!

Will Leggett

08/09/2023

Priscilla and the team at Laskowski were extremely helpful and proactive on all fronts, especially with communication – we have no doubt that this was one of the key factors in helping us to secure the purchase of our dream property, which seemed like a long shot when we first saw it advertised with Laskowski.

Kate Montgomery

07/08/2023

Dealing with Laskowski and Co was an absolute joy! Priscilla helped us incredibly, by honing our ideas to achieve the purchase of our very own fantasy cottage. From enquiring, to viewing with Richard and updates from Eden, the team delivered a warm, professional and reassuring service throughout. Priscilla was our main point of contact and nothing was ever too much trouble. We feel completely spoilt that our dream home has been made a reality and Laskowski & Co made that happen!

Jasmine Brett

21/07/2023

We mostly had dealings with Rory and Priscilla with the purchase of a property. There were absolutely amazing! Couldn’t fault the service we received! They went above and beyond to try and assist with a smooth transition. Fantastic communication and customer service. It was unfortunate that it wasn’t the quickest process, however that was due to the sale of our property, and if we could of used then to sell our previous home, we most definitely would have, as it may of helped to speed things up. I would happily recommended this team to anyone looking to sell or buy! Also noticed they’ve sold the property over the road from where we now are.

Lois Iddon

15/06/2023

Very professional but with that all important personal touch – which was much needed in what turned out to be a sale in difficult circumstances. Fully recommend.