A rare opportunity to acquire a multi-award-winning, eco-focused mixed-use investment in a prime waterfront location in Penryn. Generating strong and diverse income streams, this landmark development combines commercial, residential, and community spaces within an architecturally striking and environmentally sustainable setting.
The scheme comprises three distinct buildings, including workshops, office space, café, children’s nursery, health rooms, a multi-purpose hall, and six duplex apartments. Designed with sustainability at its core, the development features passive ventilation, super-insulation, wind cowls, and underfloor heating throughout, significantly reducing energy consumption and operational costs.
Positioned at the head of the estuary, the property enjoys uninterrupted river views and a highly prominent waterside setting. The unique design, inspired by an inverted ship’s hull and finished with cedar, zinc, and painted render, enhances its appeal as both a commercial hub and lifestyle destination.
The investment currently produces approximately £363,000 per annum in rental income, with an additional £18,880 per annum from FITS and RHU. There is also over £40,000 per annum in reversionary income potential. All commercial leases benefit from CPI-linked annual rent reviews, providing long-term income growth. Further upside exists through the potential letting of currently owner-occupied space or future lease restructuring.
This is an exceptional opportunity for investors seeking a high-profile, income-generating asset with strong sustainability credentials and long-term growth potential in one of Cornwall’s most desirable waterfront locations.
Enquire now for full financial details and to arrange a viewing.
