21/21A High Street, Falmouth, Cornwall, TR11 2AB

Town & Country Property Auctions are delighted to offer for sale by public auction this mixed-use property consisting of a duplex apartment and a commercial retail shop with tenant in situ all within this Freehold Grade II Listed building in Falmouth. The apart benefits from almost 2,000 sqft of accommodation and is in need of modernisation. The first floor includes an entrance hallway, inner hall, living room, second reception room, kitchen area, and a WC. The second floor consists of five bedrooms and a designated area for a shower room. The property also has loft space accessed from one of the bedrooms, with Velux windows installed. The commercial shop is let on a long-term lease from Feb 2025 for 15 years . An income-producing mixed-use freehold investment comprising a ground floor commercial unit and upper residential accommodation, offering immediate income with clear asset management and value-add potential. Ground Floor Commercial Unit: Approx. 128 sq m, let on a 15-year lease from February 2025. Current passing rent: £18,750 per annum, subject to regular rent reviews. This represents a minimum contracted income of £281,250 over the lease term, exclusive of any future rental increases. Upper Floors Residential: Approx. 95 sq m requiring refurbishment, presenting scope for enhancement or redevelopment (STPP). Total Combined Area: Approx. 223 sq m. The property will be en…

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