Regents Terrace, Penzance, TR18

Northwood are delighted to offer this beautiful double fronted Georgian house to market. The house which is grade II listed, has been sympathetically converted to five 1 bedroom and one 2 bedroom self-contained apartments arranged over three floors. The gated garden to the front, south facing, manicured lawn sets the high standard that continues throughout the house.

The mid terraced house can be found on the private road just a small walk away from the sea front, promenade and outdoor Jubilee Swimming Pool. The town centre with its variety shops, bars and restaurants, can also comfortably be reached on foot.

The property itself benefits from a number of period features, large windows creating light, airy and comfortable accommodation. This property offers style, convenience and tranquillity.

The six apartments are a made up of two 2 bedroom and four 1 bedroom set over three floors. All the apartments are currently tenanted making this a ready-made investment opportunity.

Each apartment benefits from stunning sea views, electric heating (except basement apartment which has gas central heating), parking, and access to a communal garden and a shared laundry room.

The parking area to the front of house has six parking spaces and also three, single garages, two of which are currently rented out thus generating additional income.
The property is in good condition and has the potential to generate a gross yield of 7% based on current optimal rents (further details available upon request).

This is not just an opportunity to purchase a stunning building, but is also a viable business opportunity with a ready-made income.

Apartment 1

2 double bedroom, basement apartment. Kitchen/diner with integrated oven and hob. Carpeted lounge with a feature fireplace (ornamental and French doors which lead to front garden. Utility room with plumbing for a washing machine and a bathroom with a bath and an electric shower over, a toilet, and wash basin set in a vanity unit.
Gas central heating and parking,

Apartment 2a

1 double bedroom ground floor apartment. Open plan lounge/kitchen/diner with cooker and fridge and sea views. Shower room with electric shower, toilet and wash basin.
Electric heating and parking

Apartment 2b

1 double bedroom ground floor apartment. Open plan lounge/kitchen/diner with cooker and fridge and sea views. En-suite shower room with electric shower, toilet and wash basin.
Electric heating and parking

Apartment 3a

1 double bedroom 1st floor apartment. Open plan lounge/kitchen/diner with cooker and fridge and sea views. En-suite shower room with electric shower, toilet and wash basin.
Electric heating and parking

Apartment 3b

1 double bedroom apartment. Carpeted lounge with sea views. Kitchen/diner with electric cooker and a bathroom with 'P' shaped bath with a thermostatic shower over, a toilet and a wash basin set in a vanity unit.
Electric heating and parking

Apartment 4

1 double bedroom, top floor apartment. Kitchen/diner, carpeted lounge with sea views and bathroom with a bath, an electric shower, toilet and wash basin.
Electric heating and parking

Addtional Information

Stone construction, Grade II listed and in a conservation area. Planning permission will normally be required for external works such as replacing windows or railings etc.

Services

Mains gas, electric, water and sewerage. Standard and Ultrafast Broadband is available. Mobile signal may be limited across all networks (source ofcom).