5 bedroom block of apartments for sale

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5 bedroom block of apartments for sale

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.