Home and income Potential B&B in Cornwall

This impressive family home spans over 4,000 square feet and comprises four spacious bedrooms, complemented by two self-contained annexes, each featuring its own entrance. The annexes—one with a bedroom and one designed as a studio—are currently rented to responsible tenants, generating a steady monthly income of £1,700 without any issues. Furthermore, the main house offers the potential to be transformed into a bed and breakfast, providing an opportunity for additional revenue if desired. The owner also has other tenanted properties in the area, which may be available for sale, should you seek more consistent income streams.

The main residence is both luxurious and generously sized, boasting ample parking spaces and a well-kept, manageable garden. Its prime location just half a mile from the town centre means that it is conveniently situated for easy access to local amenities, while also being a short drive away from the beautiful coastlines at Looe and Polperro.

Established Business

The business has been successfully operating for three years, and the current owner, who has also held the property for the same duration, is now looking to downsize due to age and health considerations. While the property does not currently have an online presence, there is considerable potential for growth, especially in the rental market, as room for annual rent increases exists.

Amenities and Competition

This property enjoys easy walking distance to the town centre and is well-positioned at the edge of a vibrant residential area, attracting both tenants and tourists. Although there are no details regarding competing properties, the favourable location and ample amenities make it a desirable option for prospective tenants.

Unique Features and Selling Points

The property offers a multitude of attractive features, including:

• Off-road parking and excellent parking provisions
• Charming garden areas, providing private outdoor space
• Comfortable living environments, compliant with rental regulations
• Diverse accommodation options, suitable for family and friends
• Double glazing throughout, ensuring modern conveniences and energy efficiency
• An established letting business with year-round rental availability
• A desirable residential location with proximity to transport links and essential services

With a freehold price of £875,000 and a current turnover of £20,400, this property demonstrates a robust profit margin of £19,000, making it an appealing investment opportunity for those looking to enter the rental market or expand their existing property portfolio.