Initial price	£325,000
21/06/24	£250,000
Price Change	-23.08%

This property is a Grade II listed building in the heart of St Austell town centre, offering a unique investment and development opportunity. The ground floor is currently let to a pharmacy on a long lease, providing a secure income, while the upper floors have planning consent for the conversion into seven one-bedroom flats/studios. The building is situated on Victoria Place, just off Fore Street, and is surrounded by a thriving retail environment with national chains and a bustling town centre development. Despite the current economic climate, the local rental market remains robust, with a strong demand for town centre living. The property benefits from two water mains, an electrical head ready for splitting and upgrading, and a BT distribution point. With planning already in place and works having commenced, this is a rare chance to create a desirable residential development in a prime location, with the added security of an existing commercial income.