This mixed-use freehold property presents an excellent opportunity for investors in the vibrant Falmouth High Street area of Cornwall. The property encompasses a duplex apartment alongside a commercial retail space, all set within a Grade II Listed building. The residential portion spans nearly 2,000 sqft and is ripe for refurbishment, featuring a spacious entry hall, multiple reception areas, and five bedrooms on the upper floors, with scope to add a shower room. There is additional loft space that could be converted. The ground floor houses a commercial unit currently leased until February 2025, generating an annual income of £18,750 with potential for future rental increases. This setup allows for steady cash flow while offering significant value-add potential through modernization and reconfiguration of the living quarters above. With the right investment into renovations, the first-floor flat could achieve an estimated rental yield of £12,000 per annum upon completion. This property not only promises immediate financial returns but also provides long-term growth opportunities by enhancing its residential appeal or exploring development options (subject to planning permission).
