Penryn

An opportunity to acquire a charming mixed-use property in the university town of Penryn, generating a gross income of £59,100 per annum, and totalling approximately 4,967 sq ft. An excellent ‘turnkey’ investment with further scope for income enhancement.

The Property - A large and charming former watermill of granite construction, arranged over four floors. The property still shows signs of its former use as a mill with the remains of a leat in the grounds and a covered pit for the water wheel. The property now comprises a mixture of studio and workshop suites as well as a spacious four bedroom flat with large open-plan living area and feature metal staircase.

The Location - Penryn is an historic port on the south coast of Cornwall, chartered in 1236. During the 19th Century, the town was known for the export of granite, used in such buildings as the Bank of England and many of the country’s lighthouses. The town is home to Penryn Campus, a large university campus occupied by two institutions – Falmouth University and the University of Exeter. Over recent years the area has thrived, due to a significant increase in student population, in turn having a positive impact on local businesses. The scenic Helford River is a short drive away, with areas such as Falmouth, Truro and Helston in close proximity, making this attractive town a perfect place for those seeking a quieter lifestyle, while being conveniently close to the liveliness of larger towns.

Tenancies - Studio 1 : 12 months : £275 pcm : £3,300 pa : 115 ft sq.
Studio 2 : 12 months : £225 pcm : £2,700 pa : 121 ft sq.
Studio 3 : 12 months : £300 pcm : £3,600 pa : 183 ft sq.
Studio 4 :12 months : £350 pcm : £4,200 pa : 228 ft sq.
studio 5 : 12 months : £150 pcm : £1,800 pa : 234 ft sq.
studio 6 : 12 months : £225 pcm : £2,700 pa : 386 ft sq.
studio 7 :12 months : £150 pcm : £1,800 pa : 213 ft sq.
studio 8 :12 months : £650 pcm : £7,800 pa : 1,000 ft sq.
Student flat : 12 months : £,2600 pcm : £31,200 pa.

Services - We understand the property is serviced by mains water, electricity, drainage and gas. All studios are individually metered.

Business Rates - Each of the eight studios are independently rated and we understand all will benefit from small business rates relief where applicable. We refer you to the government website: for further information.

Tenure - Freehold.

Vat - All prices/rents quoted are quoted exclusive of VAT.

Viewings And Enquiries - All enquiries and viewing requests are to be made directly through Laskowski & Co. the vendor's Sole Agent, on and .