- Block of 3 self-contained apartments +
- 2 x 3 bedroom &1 x 4 bedroom +
- Ground floor commercial unit excluded +
- Current rental income: £60,023 +
- Uplift income: £75,794 (June 2024) +
- Long-leasehold interest +
- Prime central Falmouth town location +
Occupying a prime corner position, Quay Apartments is a long leasehold block comprising 3 residential apartments, all accessed via a communal staircase, entered via Quay Street. The ground floor restaurant does not form part of the long leasehold interest. The apartments were constructed to provide 4 bedrooms each, although only one on the apartments is currently let to 4 tenants. Therefore, an incoming purchaser could easily convert the other 3 bedroom flats into 4 bedroom flats, to generate additional rental income.
1 Quay Apartments, located on the first floor, offers 4 bedrooms, kitchen, shower room and WC, and totals approximately 762 sq ft. 2 Quay Apartments, located on the second floor, provides 3 bedrooms, kitchen, living room and 2 bathrooms, and totals approximately 716 sq ft. 3 Quay apartments, located on the third floor, boasts 3 bedrooms, kitchen, living room and 2 bathrooms, and totals approximately 810 sq ft.
EPC(s): D, D, D.