Penryn 12 bed house for sale -

Laskowski & Co - Falmouth

This listing was posted on Laskowski & Co - Falmouth (via ListedBuy).

£975,000

Penryn 12 bed house for sale -

Price:

£975,000

Summary:

New 5 miles

Location:

Penryn, Cornwall

Description:

An opportunity to acquire a charming Grade II Listed freehold building, converted to a high standard by the present owners, comprising 4 x 3 bedroom apartments and located just off Penryn's high street. The apartments are let and generating £66,000 per annum. An excellent 'turnkey' investment with further scope for development (subject to necessary consents). The Property - Under our clients' ownership, 'Sterling House' has undergone a thorough 'no expense spared' conversion, transforming this original chapel into 4 self-contained apartments, all individually metered and serviced by new Vaillant gas boilers (installed within the last 12 months). The property is arranged over two storeys. Accessed from the front door via the side elevation is a central hallway which provides access to both flats on the ground floor and 2 flats on the first floor. Externally, a new natural slate roof has been installed, windows have been replaced and improved, and the stonework repointed. The property presents very well and would require little investment from an incoming purchaser. Externally is a small stone outbuilding currently used as a bin/bike shed. 'Sterling House' is well-positioned along New Street, which links Lower Market Street (Penryn town centre's main thoroughfare) to Commercial Road. Penryn train station is located approximately 0.5 miles away, which provides regular train services to Falmouth and Truro. There are direct and regular trains to and from London Paddington via Truro Station (journey time circa 4.5 hrs). In addition, there are regular bus services running from Penryn town centre, servicing the local areas and wider Cornwall. All apartments are let on assured shorthold tenancies. Each apartment is generating £1,375 per calendar month, reflecting a yearly sale roll of £66,000. Water and wi-fi is included within the tenant's saleal payments, however they are independently responsible. Still available at ListedBuy!

Posted:

June 30 2023 on Laskowski & Co - Falmouth (via ListedBuy)