8 bed block of flats for sale

Trenance Road, Newquay TR7

Investment Opportunity – Block of 8 Tenanted Units with Planning Approved for Luxury Development. A ready-made income generator today, with the blueprint for a lucrative, design-led development tomorrow.

An exceptional opportunity for investors and developers—this substantial freehold property is currently configured as 8 self-contained units (5x one-bedroom flats, 3x studios), fully tenanted and generating a robust annual income of approximately £54,000, with low annual outgoings.

Six of the eight flats have their own separate electricity meter, providing ease of management and lower overheads. The building offers a net internal area of 257.9 sq/m, with strong rental demand and consistent occupancy history.

Set on an elevated position, several of the current flats enjoy beautiful sea views over Newquay, highly desirable for both current tenants and future high-end buyers or renters.

Current Configuration:

Unit Breakdown:

5 x 1 Bed units

3 x Studios

Floor Area (NIA): Total 257.9sqm

Ground Floor

Unit 1: 1 Bed, (36.3 sqm)

Unit 2: 1 Bed, (38.6 sqm)

Unit 3: 1 Bed, (47.1 sqm)

Unit 4: Studio, (18.1 sqm)

First Floor

Unit 5: 1 Bed, 39.6 sqm)

Unit 6: Studio, (18.7 sqm)

Second floor

Unit 7: 1 Bed, (38.3 sqm)

Unit 8: Studio, (21.2 sqm)

Planning Permission Approved – High-End 6 Apartment Scheme. CGI photos show proposed development.

Full planning permission has recently been granted to transform the property into six high-spec apartments (1x 1-bed and 5x 2-bed), increasing the net lettable area to 464 sq/m—an 80% uplift offering excellent capital growth potential.

Proposed Layout:

Ground Floor:

Unit 1: 1-bed (58.4 sq/m)

Unit 2: 2-bed (83.6 sq/m)

First Floor:

Unit 3: 2-bed (77.4 sq/m)

Unit 4: 2-bed (92.8 sq/m)

Second Floor:

Unit 5: 2-bed (71.6 sq/m)

Unit 6: 2-bed (80.2 sq/m)

Off-Street Parking Included – The proposed scheme also includes on-site car parking provision, enhancing rental and resale appeal—an increasingly rare and valuable asset in the area.

Prime Location & Thoughtful Design:

Located in a well-connected, desirable area the proposed development respects existing building lines while upgrading the façade and residential offering.

Architectural plans, layouts, and planning documents available on request.

Contact us now to secure this rare dual-income and development opportunity.

Material information