CSpace, 5-7 The Crescent, Newquay

5-7 THE CRESCENT


The Property is well situated on The Crescent, set just above Towan Beach providing access down to the shoreline. The Property is also extremely well located for the town centre.


The Property occupies a plot of around 0.26 acres and comprises in total 11,949 sq ft on a GIA basis. Formerly a 57 bedroom hotel, the Property has recently been part converted to provide a mix of co-working and events spaces.
On the ground floor there is a restaurant and commercial kitchen as well as office and working space.


Externally, there are 8 car parking spaces to the front of the Property. At the rear of the Property is a large courtyard area, suitable for redevelopment, subject to obtaining planning consent.




EXISTING ACCOMMODATION


The ground floor currently comprises a restaurant with commercial kitchen, flexible working spaces and W/C facilities.


Additional meeting rooms and workspaces are provided across the first floor. Hotel accommodation (currently disused) is located in the northwest wing.


The second floor comprises additional hotel accommodation (currently disused). Some of the bedroom inventory has been removed and stripped ready for refurbishment. The second floor provides the sample bedroom which demonstrates a newly refurbished bedroom product. A self-contained, two-bedroom apartment is located on the third floor.


The Property is mid-conversion and as such requires refurbishment, offering a purchaser a significant value-add opportunity.


Please review the brochure for more details or contact Harriet or Miranda to receive additional information.

Situated on the north coast of Cornwall, Newquay and the surrounding area is known for its sandy beaches and coastline, exposed to the Atlantic swells providing some of the UK’s best surfing.
Boardmasters, a music festival combined with the UK’s most high-profile surfing competition, is hosted in Newquay, attracting over 50,000 visitors to Fistral Beach and Watergate Bay each year.
Additional local attractions include the Blue Reef Aquarium (a short distance from the Property), Camel Creek Adventure Park, Newquay Zoo and the Cornwall Aviation Heritage Centre. Newquay is also Cornwall’s 5th largest town with a population that expands significantly in the summer months due to its popularity as a visitor destination.