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5 bedroom block of apartments for sale
Tower Road, Central Newquay
£382,500
Tower Road, Central Newquay
£382,500
Price History
Initial price | £395,000 |
03/08/24 | £382,500 |
Price Change | -3.16% |
Description
This property is a superb investment opportunity, comprising four self-contained flats, including a 2-bedroom maisonette and three 1-bedroom flats, all let on Assured Shorthold Tenancies (ASTs). The block is located between Fistral Beach and the town centre, making it an ideal spot to attract tenants. The property has been fully converted and benefits from off-street parking to the rear, UPVC double glazing, and modern electric radiators. The current tenants are well-established, and the landlord has enjoyed consistent rental income over the past 12 years. The property is being sold as a going concern, with a current total monthly rent of £2,185. With the potential to increase rents to meet current market values, this property offers a lucrative investment opportunity for buy-to-let investors.