2 bedroom mixed use property for sale in Bude, Cornwall, EX23

PROPERTY TYPE: Mixed Use
BEDROOMS: 2
SIZE: 1,830 sq ft
170 sq m

Key features

Substantial freehold property in central Bude
Ground floor commercial unit with high footfall location
Currently operating as a coffee house & cafe
Large shop floor, prep kitchen, office, utility, and stores
Multiple WCs across ground floor
First floor 2-bedroom apartment with separate access
Bay-fronted living room and bedroom with sea views
Ideal for investors, owner-occupiers or holiday let potential
Off Road Parking to Rear
Moments from the beach, canal, car parks and amenities

Description

Prime Freehold Investment with Commercial Unit and Sea View Apartment – 2 & 2A Morwenna Terrace, Bude, Cornwall

Situated in a high-footfall, central location just moments from Summerleaze Beach, this substantial and well-presented freehold property comprises a thriving ground floor commercial unit and a spacious two-bedroom sea-view apartment above—both currently let, offering an attractive and immediate income opportunity.

The ground floor is home to a popular and well-established café/retail business, trading from a generous open-plan shop space with kitchen, office, storage, and WC facilities. The unit benefits from excellent street visibility and forms part of a vibrant pedestrianised area in the heart of Bude.

Above, with its own private entrance, the first-floor apartment features two bedrooms, a bright living room with bay window and sea views, modern shower room, and fitted kitchen—also let on a residential tenancy, making this an ideal turn-key investment.

A rare opportunity to acquire a mixed-use freehold property in one of North Cornwall’s most desirable coastal towns in a prime town centre location.

The premises enjoys a convenient and sought after central location within this popular coastal town set amidst the rugged North Cornish coastline being famed for its many nearby areas of outstanding natural beauty and popular bathing beaches providing a whole host of water sports and leisure activities together with many breathtaking clifftop coastal walks etc. Bude itself supports a comprehensive range of shopping, schooling and recreational facilities with its 18 hole links golf course and fully equipped leisure centre etc. The bustling market town of Holsworthy lies some 10 miles inland, whilst the Port and Market town of Bideford is some 28 miles in a north-easterly direction providing a convenient access to the A39 North Devon link road which connects in turn to Barnstaple, Tiverton and the M5 motorway.

Directions
From our Bude office turn right towards the end of Queen Street and then left into Princes Street towards the Post Office. Upon reaching Belle Vue take the right hand turning along Morwenna Terrace whereupon Number 2 will be found on the right hand side with the access located to the apartment found at the rear of the building.

Ground Floor Commercial Unit

A well-established and fully let ground floor commercial premises situated in a highly visible, central location within Bude's popular pedestrianised shopping and café quarter. Currently operating as a vibrant independent coffee house and lifestyle retail space, the unit benefits from excellent footfall and a loyal customer base. The accommodation comprises a spacious open-plan shop floor (approx. 620 sq ft), a well-fitted commercial kitchen, staff office, utility room, two stores, and three WC facilities. The layout is practical, well-maintained, and offers flexible use for retail, café, deli, or other business types (subject to use class). Currently let to a long-standing tenant on a commercial lease High street location with prominent frontage and outside seating potential Ideal for investment buyers seeking immediate rental income Business unaffected

First Floor Apartment

A spacious and characterful two-bedroom first-floor apartment, accessed via its own private entrance and offering far-reaching sea views from both the living room and principal bedroom. Positioned just moments from the beach and town centre, the property enjoys a prime location for residents or holiday letting alike. Internally, the apartment features a large hallway, bay-fronted living room with sea view, dining area, two double bedrooms, a modern shower room, and a separate fitted kitchen. Well-proportioned and naturally bright, the flat offers a comfortable, low-maintenance lifestyle in a superb coastal setting. Currently let on an assured shorthold tenancy Well-presented throughout with gas central heating Sea views from both the living space and main bedroom Excellent long-term or short-let rental appeal

Rental Yields

The current rent for the commercial unit is £14k per annum with a 15 year lease drawn up in 2021. The flat is £9,600 with an AST from 1st April 2025. Current total yield 6.7%.

EPC

Commercial TBC Flat E

Council Tax

Band B

Rateable Value

Commercial Unit - £15,250

Anti Money Laundering

Before any sale is formally agreed, we have a legal obligation under the Money Laundering regulations and Terrorist Financing Act 2017 to obtain proof of your identity and of your address, take copies and retain on file for five years and will only be used for this purpose. We carry out this through a secure platform to protect your data. Each purchaser will be required to pay £20 upon an offer verbally being agreed to carry out these checks prior to the property being advertised as sale agreed.

Brochures

Particulars

Energy Performance Certificates

Epc Rating Flat