Beachfield Avenue, Newquay, Cornwall, TR7

THE PROPERTY

North Coast Asylum is a genuinely spectacular Grade II Listed converted methodist chapel, now arranged as a fabulous gallery space with soaring ceilings and a fountain of natural light, with a beautifully appointed self-contained residential apartment on the lower floor with private courtyard garden and its own access.

The property will be of interest to an array of prospective buyers, not just because it is a beautifully converted and appointed building, but due to its versatility. For example, one might choose to live within the apartment and continue to run a gallery type operation from upstairs, or instead they may choose to rent the apartment out on a short or long term basis, and convert the gallery space into a different commercial use (office, restaurant, cafe etc) for their own occupation or to be let out to - all subject to necessary consents.

The building dates from the late 1800s, operating as a Methodist Church for over 100 years. In 2017 our clients acquired the property via auction and have since invested substantially into creating this exceptional mixed-use property in a prime central Newquay position.

Accessed from the front elevation, the property comprises an office/reception area, leading into a WC and then via large doors into the studio/gallery. Stairs rise to mezzanine level which boasts towering views over the gallery area. Off the gallery is a landing which leads downstairs to the residential apartment. The apartments provides 3 bedrooms, utility room, 1 en-suite bathroom and 1 family bathroom, larder, and large open-plan kitchen/living room - all of which have been finished to an impeccable standard. Doors lead to a rear courtyard garden.

The commercial area totals approximately 2,087 (including mezzanine) sq ft and the residential circa 1,292 sq ft.



EXTERNAL

A quaint paved courtyard garden, featuring flagstones, and an array of space for garden furniture etc. The outdoor area, which is privately used by the residential apartment, includes an external shower and rear gate.

THE BUSINESS

Our clients acquired the property with the intention of creating a leading exhibition/gallery/events space in Cornwall. In their own words: "We have a passion for exhibiting the most compelling and brightest artists in a space that does their work justice.

North Coast Asylum (NCA), based on the North Coast of Cornwall, was born from an artist - photographer duo and a desire for an artistic sanctuary aimed at promoting contemporary artists and photographers.

With over a decade's worth of experience working in the art world at Christie's Auction house, NCA was established as an approachable platform for young artists and buyers to connect"

An incoming buyer may be interested in continuing to operate the business.

SERVICES

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

COUNCIL TAX & BUSINESS RATES

The Rateable Value is £10,500 (from 1 April 2023) therefore the property benefits from 'small business rates relief' meaning no business rates are payable.

TRANSACTION PROCESS, STRUCTURE AND TIMING

North Coast Asylum will be sold by way of an asset sale.


VIEWINGS & ENQUIRIES

All enquiries and viewing requests are to be made directly through Laskowski & Co or Inigo - the vendors' Joint Agents.