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Arwenack Street, Falmouth, Cornwall, TR11

PROPERTY TYPE

Block of Apartments

BEDROOMS

10

BATHROOMS

6

SIZE

2,304 sq ft

214 sq m

Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Block of 3 self-contained apartments
  • 2 x 3 bedroom &1 x 4 bedroom
  • Ground floor commercial unit excluded
  • Current rental income: £60,023
  • Uplift income: £75,794 (June 2024)
  • Long-leasehold interest
  • Prime central Falmouth town location

Description

Occupying a prime corner position, Quay Apartments is a long leasehold block comprising 3 residential apartments, all accessed via a communal staircase, entered via Quay Street. The ground floor restaurant does not form part of the long leasehold interest. The apartments were constructed to provide 4 bedrooms each, although only one on the apartments is currently let to 4 tenants. Therefore, an incoming purchaser could easily convert the other 3 bedroom flats into 4 bedroom flats, to generate additional rental income.

1 Quay Apartments, located on the first floor, offers 4 bedrooms, kitchen, shower room and WC, and totals approximately 762 sq ft. 2 Quay Apartments, located on the second floor, provides 3 bedrooms, kitchen, living room and 2 bathrooms, and totals approximately 716 sq ft. 3 Quay apartments, located on the third floor, boasts 3 bedrooms, kitchen, living room and 2 bathrooms, and totals approximately 810 sq ft.

EPC(s): D, D, D.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Arwenack Street, Falmouth, Cornwall, TR11

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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 investors and operators, following his experience working at some of the world's largest and most respected commercial property advisory firms.

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Disclaimer - Property reference SNR1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Laskowski & Company, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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