Investment Properties for sale in Penzance

View the "Flats held on AST's currently, potential to change to holiday letting. Also garage suitable for redevelopment in accommodation." below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Flats held on AST's currently, potential to change to holiday letting. Also garage suitable for redevelopment in accommodation.

Penzance, Cornwall, England

  • Freehold Price: £800,000
  • Annual Turnover: £44,300
Seller Reference: PEN140108
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Business Description
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: PEN140108
Request Details
Business Description
***Videos Available*** https://youtu.be/IEpn33FPL3Q
https://www.takealookinside.co.uk/bradleys/penzance/7-alexandra-terrace/index.html

Every apartment is currently tenanted on a Short Hold Tenancy basis generating an income of approx. £44,300 per year. The accommodation is split over four floors and comprises...
Flat 1 - A two bedroom basement apartment.
Flat 2 - A one bedroom ground floor apartment with sea views.
Flat 3 - Rear ground floor one bedroom apartment with private courtyard.
Flat 4 - One bedroom first floor apartment with sea views.
Flat 5 - Two bedroom middle floor apartment with garden views.
Flat 6 - Stunning seaward facing penthouse duplex apartment set over 2 floors and has three bedrooms and master en-suite.
Flat 7 - Two bedroom top floor apartment with garden views.

Outside to the front there is parking for multiple vehicles and small communal garden. To the rear there are two garages which could be converted into another apartment subject to planning with parking for two in front. The building also benefits from having UPVC double glazing.

Potential to change to holiday Let/Home & Income.
Tenure:
Freehold
Location Details:
Bellavista is an elegant period building which looks out onto some truly specular sea views stretching from Newlyn Harbour to St Michael's Mount and beyond. The complex consists of seven well maintained apartments, two separate garages and a parking area all of which are situated in an enviable position within Penzance Town.
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