This property presents a unique opportunity for those looking to invest in a promising coastal location with significant renovation and development potential. Set in the desirable town of Newlyn, known for its vibrant fishing industry and rich history, the site offers ample space for creative redevelopment.
Currently, the property features an area of previously utilized hard-surfaced ground that was once a playground, alongside an adjoining sub-station leased to Western Power Distribution. The site has previously been granted planning permission (now lapsed) for a two-storey building comprising four architect-designed apartments—2 one-bedroom and 2 two-bedroom units—demonstrating its appeal for residential development in this sought-after area.
Newlyn’s location enhances its investment potential. Just a short walk from the lively harbor, local shops, restaurants, pubs, and even an independent cinema, it strikes a balance between accessibility to amenities and the charm of quieter side-street living. The surrounding neighborhood features many redeveloped properties that reflect the area's evolution from industrial roots—once home to old warehouses like the Old Pilchard Works—to a thriving residential community.
The town boasts a strong local economy driven by its fishing fleet, one of the largest in the UK. Community events such as the Newlyn Fish Festival and annual Christmas celebrations foster a close-knit atmosphere while attracting visitors year-round. With a primary school nearby and Penzance just down the scenic promenade, this area caters well to families and professionals alike.
Regarding utilities, while there are existing overhead cables on-site and a sub-station at one end of the property, arrangements can be made with Western Power Distribution regarding necessary adjustments for any future developments.
This site is accessible for viewing at your leisure, providing an opportunity to explore its potential firsthand. Whether you’re looking to develop residential units or simply hold onto an asset in an area with high demand, this property offers significant potential for both renovation and investment endeavors.
