£2,000,000
Property for saleThe Beach, Alexandra Road, Newquay TR7
About this property
Investment of 10 beachside apartments
Fully let at A rent of £200,000 per annum
Overlooking porth beach, newquay
Lease available upon request
Full residential use permitted
Energy performance asset ratings between B (82) and C (77)
This substantial and exciting investment opportunity is available immediately. The development comprises nine purpose-built apartments (2010) plus one converted from a former retail unit (circa 2017), arranged over two floors. The building has a distinctive “wave” form roof, rendered elevations, and balconies or terraces to all flats. Each apartment provides open-plan accommodation with two or three bedrooms (most with a master en-suite), and a family bathroom. A private car park to the rear provides ten allocated spaces. The block is let in it's entirety to Modus Care Limited on a 15 year lease expiring on 31 October 2039. There are annual mutual break options and the lease is contracted outside of the provisions of Sections 24 - 28 of the 1954 Landlord and Tenant Act. A full copy of the lease is available on request.
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£10,004 per month
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