Trecarrell House, Carthew Terrace, St Ives, TR26 1EB
FOR SALE
Attractive period multi let freehold property in spectacular location overlooking Porthmeor Beach and the Island
11 self-contained apartments, parking for 8 vehicles plus garage
No vacancies with majority tenants in long term occupation
Development potential and rental reversion anticipated
Current income £86,000 (plus owners vacant unit)
Guide Price - £1,650,000
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Location
Trecarrell House is an impressive period property occupying a very prominent position on Carthew Terrace in the picturesque harbour town of St Ives. St Ives is a world renowned harbour resort situated in West Cornwall approximately 28 miles from the Cathedral City of Truro. The town has excellent road and rail access with a designated branch line from St Erth, often considered one of the most popular train journeys in the UK.
The town has an exciting blend of independent artists/galleries and eateries as well as some household leisure operators. The Tate Gallery also brings significant visitor numbers to the area and the beaches of Porthmeor, Porthminster, Porthgwidden and the harbour are all within walking distance of the property.
Description
The property comprises 11 self contained apartments many of which have dramatic coastal views of the entirety of Carbis Bay and heading beyond Godrevy Lighthouse. The property location needs to be viewed to be fully appreciated.
Each of the residential units are let on Assured Short Hold tenancies with some tenants having been in occupation for in excess of 10 years. The vendors currently reside in apartment number 7 on the top floor of the property, with panoramic views. A further self contained unit was granted planning permission on the basis of an extension to Flat 7 and this could be separately leased to create a 12th property
We believe this is a unique opportunity that will appeal to a wide range of both developers and long term investors. Plans are available for inspection on request.
The property benefits from a car park to the front which has development potential but also provides hugely valuable parking for each of the apartments. A car port and garage provides further parking, a rare commodity in the town. This area has also historically achieved a planning permission for the creation of further residential accommodation.
Council Tax
We understand that all apartments are assessed within Band A. We would advise prospective purchasers to make their own enquiries with Cornwall Council.
Accommodation
| Flat Number | AST Start Date | Rent |
|---|---|---|
| 1 | 31/10/16 | £9,204 pa |
| 2 | 17/02/17 | £8,320 pa |
| 3 | 27/05/20 | £9,204 pa |
| 4 | 09/01/09 | £8,060 pa |
| 5 | 01/05/19 | £9,880 pa |
| 6 | 06/05/21 | £9,100 pa |
| 7 | Owner | |
| 8 | 23/12/22 | £8,060 pa |
| 9 | 01/04/03 | £8,052 pa |
| 10 | 20/10/13 | £8,060 pa |
| 11 | 27/02/10 | £8,060 pa |
Energy Performance Certificate
Each of the individual apartments have EPC ratings in category C&D.
All certificates are accessible from the government website via 29 EPCs for TR26 1EB – Find an energy certificate – GOV.UK (find-energy-certificate.service.gov.uk)
Price
Freehold offers are sought based on guide price of £1,650,000
Viewing
Strictly by appointment with sole agents Matt Gunn Commercial