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Carthew Terrace, St. Ives

PROPERTY TYPE

End of Terrace

BEDROOMS

13

BATHROOMS

11

SIZE

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

Freehold

Key features

  • MULTI LET FREEHOLD PROPERTY
  • 11 SELF CONTAINED APARTMENTS
  • PARKING FOR EIGHT VEHICLES PLUS GARAGE
  • SUPERB LOCATION WITH OUTSTANDING SEA VIEWS
  • DEVELOPMENT OPPORTUNITIES SUBJECT TO CONSENTS
  • RENTAL REVERSION ANTICIPATED
  • EXTREMELY RARE OPPORTUNITY

Description

An extremely rare investment or subject to consents and tenants rights, a development opportunity, located along one of St Ives most well thought of and prestigious terraces overlooking the world famous Porthmeor Beach and out along the coastline to Manshead and Godrevy Lighthouse. This is a very attractive multi let freehold property containing 11 self-contained apartments plus parking for eight vehicles and a garage. Ten of the apartments are currently all let on an AST basis, with some tenants being in long term occupation, while one of the apartments is used for the owners own living accommodation. Excellent current income of approximately £86,000 per annum (plus the owners vacant unit). These large multi let properties are not found too often in St Ives, particularly not in this location. for more information please contact us.

Location

Trecarrell House is a remarkable period property nestled at the end of Carthew Terrace, one of the most sought after terraces within St Ives offering far reaching sea and coastal views over Porthmeor Beach and the surrounding coastline.
St Ives is a picturesque coastal town renowned for its stunning beaches, charming streets and vibrant art and culinary scene. The town attracts visitors from all over the world looking for relaxation and adventure alike.
The town's mild climate, beautiful landscapes and vibrant community, residents enjoy a laid-back lifestyle.
The strong sense of community is evident through the various local events and festivals that celebrate the town's rich cultural heritage. Residents can easily engage in outdoor activities.

Description

The property consists of 11 self-contained apartments, many of which offer stunning coastal views of Porthmeor, St Ives and extend towards Godrevy Lighthouse. The location truly needs to be experienced to appreciate its full potential.

All residential units are currently let on Assured Shorthold Tenancies, with some tenants having resided there for over 10 years. The vendors currently occupy apartment number 7 on the top floor, which boasts panoramic views. Additionally there is the possibility to create a 12th apartment.

We believe this represents a unique opportunity that will attract a wide range of both developers and long-term investors. Plans are available for inspection.

The property also includes a car park at the front, which has potential for development and provides valuable parking for all apartments. The car port and garage offer further parking options, adding to the appeal of this area.

Apartments / Accommodation

Flat 1

AST start date - 31/10/2016 with rent of £9204 pa
EPC - D
41 Sqm

Flat 2

AST start date 17/02/17 Rent of £8320 pa
EPC - E
37Sqm

Flat 3

AST start date 27/05/20 - Rent of £9204 pa
EPC - C
47 sqm

Flat 4

AST start date 09/01/09 - Rent of £8060 pa
EPC - D
38Sqm

Flat 5

AST start date 01/05/19 Rent of £9880 pa
EPC - D
47Sqm

Flat 6

AST start date 06/05/21 Rent of £9100 pa
EPC - D
38 Sqm

Flat 7

Owners accommodation

Flat 8

AST start date 23/12/22 rent of £8060 pa
EPC - D
31 Sqm

Flat 9

AST start date 01/04/03 - Rent of £8052 pa
EPC - C
29 Sqm

Flat 10

AST start date 20/10/13 rent of £8060 pa
EPC - C
31Sqm

Flat 11

AST start date 27/02/10 - rent of £8060 pa
EPC - C
31Sqm

EPC's

All the certificates are available from the government website.

Brochures

Full Details
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: B
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
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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Energy performance certificate - ask agent

Carthew Terrace, St. Ives

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About Cross Estates, St. Ives

1 Tregenna Hill, St. Ives, Cornwall, TR26 1SF
Industry affiliations:

Cross Estates - Your West Cornwall Estate Agents

Cross Estates was set up in the early spring of 2003, the directors of the company seeing the need for real owner run independent Estates Agents in the area. Within that time we have become one of the areas leading Estate Agents not only covering our original St Ives area but now West Cornwall from Sennen to Hayle, Penzance to St Ives. We are currently the only National Association of Estate Agents Licensed Estate Agents in St Ives

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£6,978
We think you can borrow up to
Add your household income above
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Disclaimer - Property reference 12732982. 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 Cross Estates, St. Ives. 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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