Spernen Wyn Road, Falmouth, Cornwall, TR11
£173.57 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
8,354 sq ft
776 sq m
- SECTOR
Commercial property for sale
Key features
- Substantial freehold investment building with value-add potential
- Prime Falmouth location, moments from Gyllyngvase Beach and the seafront
- 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
Description
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 within the building, all of which are let out on separate assured shorthold tenancies. There are a mix of studios, 1-bedroom and 2-bedroom apartments. A breakdown of the accommodation and income streams can be provided upon request.
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 and .
TENURE
Freehold.
COUNCIL TAX
Band A - Cornwall Council.
Spernen Wyn Road, Falmouth, Cornwall, TR11
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Falmouth Town Station0.4 miles
- Penmere Station0.5 miles
- Falmouth Docks Station0.8 miles
About Laskowski & Company, Commercial
28 High Street, Falmouth, TR11 2AD
We advise on the sale, acquisition, letting and development of commercial property across all sectors in Cornwall and the wider South West. Our experience at the very forefront of the market means we achieve superior results, time and time again.
Having steered complex, high-value sales, we ensure transactions are handled professionally, whether that be discreetly or on an open market basis. James brings with him a deep understanding of the transaction process and access to a wealth of
Notes
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