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Lower Market Street, Penryn Offers in the Region Of £450,000

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  • Planning permission for Four x 6 Bedroom Student Houses
  • Existing building has been demolished, site prepared
  • Excellent rental return, estimated at 30,000 pounds Sterling per house, per annum at current rates
  • Excellent, 12 month occupancy rates, in advance to to high demand
  • Full planning obtained
  • Planning number PA16/04723 via Cornwall Council
  • Building Regs obtained

Centrally located within a sustainable area close to public transport in the town of Penryn. The Site has full planning permission (PA16/04723) for four x 6 bedroom student houses.

Details of the planning application can be found at: http://www.cornwall.gov.uk/environment-and-planning/planning/online-planning-register/

The Property
The existing building has been demolished by the vendor. The vendor is looking to sell the land with current planning permission for OIRO £450,000.

About Penryn
Penryn is a fast growing town and over the last 10 years student accommodation has been in increasingly high demand due to the Penryn Campus, a satellite campus for Falmouth University and the University of Exeter. The Penryn Campus is only a 10 minute walk away from the Site. The vendor has several other student houses nearby and has enjoyed full 12 month occupancy rates for many years in the area (often with houses being reserved several months in advance) and demand is predicted to rise with the forth coming expansion of the Penryn Campus [ subject to planning ].

This is a great opportunity for an investor or builder to start or increase their property portfolio, offering an exceptional return estimated at £30,000 gross per house per annum, at present rentals rates.

Agents Note: In accordance with section 21 of the estate agency act 1979, we are obliged to inform all interested parties that the vendor of this property is a family member of the Director of Lyttons Estate Agents.


Lower Market Street
Penryn TR10 8BH
County: Cornwall
Sale Type: For Sale
Ref #: LEA0728

Lower Market Street
Penryn TR10 8BH
County: Cornwall
Sale Type: For Sale
Ref #: LEA0728

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Lower Market Street
Penryn TR10 8BH
County: Cornwall
Sale Type: For Sale
Ref #: LEA0728
Name Location Type Distance