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A 1 bedroom terraced cottage set within a row of 5 other contemporary properties, presented to a high standard and providing an open-plan living area, modern kitchen and mezzanine bedroom, with bathroom upstairs. The complex comprises of 16 properties ranging from 1-4 bedroom units, with on-site facilities including a communal swimming pool, sauna and hot tub. A lovely, peaceful location close to Mawnan Smith and Falmouth.
The Cottages
The Tresooth Cottage complex comprises of sixteen properties ranging from one to four bedroom units, with on-site facilities including a communal swimming pool, sauna, and hot tub.
Eight of the cottages are conversions of the original dairy barns, set around a mature garden courtyard and built of Cornish stone. Each is different with its own unique character, and all benefit from a private terrace. To the rear of the courtyard, there is a terrace of more modern, contemporary one bedroom cottages, all of which with two-storey with galleried bedrooms.
With tasteful interior design, each property is being upgraded and refurbished and, where relevant, redesigned to maximise living spaces. Additions such as log burners, additional terraces and private hot tubs will be included in some of the properties. These improvements will not only increase the rental income, but will also add value.
A substantial amount of investment is also being made to enhance the communal areas and services by upgrading the children's play area, sauna and heated outdoor swimming pool, as well as the addition of new communal hot tubs.
The cottages are offered with several options for prospective purchasers, from unlimited personal use, to a fixed 7%* per annum net income for one to three years; this option includes three weeks of private use each year – one week high season, one week mid-season and one week low season.
From an investment view point, the cottages are competitively priced and are already generating notable yields prior to any upgrading. However, if a prospective purchaser would like security, they are offered with the reassurance of a fixed, 7%* net income, with three weeks' owners use per annum, payable quarterly and commencing even during closure for renovation. As an investment, the vendors are offering a fixed rate return of 7% per annum; our clients manage all properties and, therefore, an investor will not need to manage, unless they should wish to. If not, the 'management' costs set out below are not applicable, however, they will have to pay the maintenance costs. As an example, the gross return for the last twelve months on one of the two bedroom properties was £35,000. Guests booking fees, admin, cleaning, utilities, council tax and laundry = £9,750.
Although much of the holiday rental market is focused on the main summer season only, Cornwall has a year-round appeal, with potential bookings every month.
Cornwall has emerged as one of the world's iconic holiday destinations, boasting dramatic coastline in the north and sheltered bays in the south, as well as ancient, rugged moorland and soft river estuaries. Cornwall is a paradise for surfers, walkers, sailing buffs and foodies, as well as visitors simply seeking a break. Tresooth Cottages offer:
- Opportunity to invest in Cornwall, one of the strongest property markets in the UK
- A lifestyle asset that an owner can enjoy whilst benefiting from an income return
- Competitively priced, leaving scope for continued capital growth
- All units maintained throughout the year providing a hassle free, fully managed rental service
- Established and operational holiday rental property with strong repeat bookings
The Property
A delightful one bedroom property, boasting modern accommodation, positioned within a terrace of six properties, just behind the original farm's stone courtyard. Briefly comprising: Open-plan living room, modern kitchen, mezzanine floor with bedroom and bathroom.
The property will be sold as a ‘turn key’, and will include: Microwave, dishwasher, washing machine, fridge/freezer and Smart TV.
High speed fibre broadband is available in each cottage, as well as in the main courtyard and the swimming pool area.
Parking is shared with the other barns and is located to the front of the complex. Other communal facilities include a children’s play field, heated swimming pool and sauna.
General Information
Services
Mains water, drainage and electricity are connected to the property. Telephone points (subject to supplier's regulations). Air conditioning unit.
Council Tax
Band B - Cornwall Council.
Tenure
Leasehold. New lease issued at 999 years. Maintenance charge of £5,250 per annum which includes the cleaning and contribution towards swimming pool, hot tubs etc, and insurance. Peppercorn ground rent.
Viewing
Strictly by prior appointment with the vendor's Sole Agents - Laskowski & Company, 28 High Street, Falmouth TR11 2AD. Telephone:

- 1 bedroom
- Terraced property
- Part of a select and high quality development
- Communal areas and services
- Highly desirable location, close to Mawnan Smith and Falmouth
- Parking
- Prospective purchasers cannot use the property as a primary residence
- EPC rating C