Initial price	£800,000
02/02/24	£775,000
Price Change	-3.13%

The Ship Institute is a historic property in Newlyn, a popular fishing port, offering mixed residential and commercial accommodation. The property has been upgraded with new wiring, plumbing, and boilers since its conversion in 2015. The ground floor is let on two separate leases, while the first and second floors have three self-contained flats, generating a significant income. The property has a mix of modern and traditional features, including terracotta tiled flooring, double-glazed windows, and a dance school with a large dance floor. The flats have modern kitchens, bathrooms, and bedrooms, with some offering stunning sea views. The property is located in the heart of Newlyn, with its many facilities, including independent film houses, specialist food shops, restaurants, and traditional pubs. The nearby town of Penzance has links to the rest of the country via the train station, making it an attractive investment opportunity.