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Commercial Property for sale

Tower Road, Newquay

Sold STC £175,000

Property Description

Key features

  • Ready to go project, work commenced (subject to regs)
  • Central Newquay location
  • 2 parking spaces
  • PP for 4 self-contained residential apartments
  • 3 complete new builds, one change of use
  • Ideal project for rental investment or onward sales
  • Existing building ideal as build store/workshop for new build
  • Vacant, cleared and available immediately, light demolition

Full description

Residential development project in central Newquay with Planning approval for 4 x 2 bedroom apartments (3 new builds and 1 conversion)

Existing Building For Conversion - 8.26m x 7.01m wide (27'1 x 23' wide) - Slight L-shaped measurements with a newly constructed dividing wall at the end of the building with opening window through to the:

Existing Building For Demolition - 15.47m x 8.20m deep (50'09 x 26'11 deep) - For demolition and development. Providing for the 2 ground floor apartments with additional apartment over.

Planning Permission - Planning approval was granted on the 2nd August 2017 for the project. Further information can be obtained off the planning portal on the Cornwall Council website. (ref PA17/03620). Description of approved development:

“Change of use of part former launderette to create ground floor residential flat, together with the demolition of the rear single storey store/outbuilding and re-development of three residential flats comprising 2 units at ground floor and 1 unit at first floor level.”

Services - All mains services are located nearby, although prospective purchaser should satisfy themselves as to the whereabouts and suitability of available services.

Tenure - The entire property is being sold with freehold title to include the development section at the rear subject to two 999 year leases on the launderette and the flat over, which have been previously sold.


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