Two Apartment Blocks in Excellent Location For Sale

Business description

This is without doubt one of the finest locations in the Newquay area. The attractive hedged entrance leads into secluded and tranquil grounds. Nor Manor Apartments incorporate low maintenance properties which occupy an elevated site approximately one mile from Newquay. The spacious buildings are surrounded by lawns standing in its own grounds with sublime country views.

The complex consists of two purpose built-apartment blocks, which provide:-
• Eight two-bedroom units.
• Two one-bedroom units.

Plus:-

• Chalet.
• Bungalow (currently used as workshop/store).
• Orchard.

The units within the apartment blocks have planning permission for full residential/holiday use. The chalet and bungalow benefit from holiday use only.

This retirement sale offers various opportunities for new owners. The site is considered of ample size to accommodate a further apartment block, subject to the necessary planning consents. The grounds offer scope for further expansion which could include owner’s residence, subject to appropriate planning consents. Whilst Newquay town centre and beaches are in close proximity, the site still maintains a quiet and relaxing ambience for guests.

BUSINESS PROFILE
The complex has been in our client’s ownership since 1991 and is now being offered for sale due to genuine retirement. The site has been well-maintained throughout and the flats have been refurbished including uPVC double glazed windows. During the years of trading, our clients have established a sound and loyal customer base. They have chosen to operate within a restricted trading season, which operates from Easter to the end of September. This keeps expenditure on advertising and promotion to a minimum. We are advised the annual turnover is below the VAT threshold.

The self-contained apartments are comfortably furnished and equipped to a good standard. Each unit is separately metered for electricity and six have a second meter for off-peak storage heaters.

Detailed information regarding the apartments will be made available to interested parties following a viewing appointment.

SERVICES
Mains electricity, water and drainage.

Property information

Property:

Freehold