Established mixed-use investment property in the heart of St Ives, combining a thriving ground floor restaurant with a spacious first floor residential flat. Located in the highly desirable Downalong area, this asset offers secure long-term income alongside strong capital growth potential in one of Cornwall’s most sought-after coastal towns.
The ground floor comprises a well-established restaurant with character frontage and a main dining area, supported by kitchen facilities, storage, WC amenities, and the added benefit of a garage to the rear. The restaurant has been trading successfully for over 55 years, attracting both locals and tourists year-round, and remains one of the busiest venues in the area.
Above, the first floor provides a well-proportioned residential flat including a kitchen, lounge, two bedrooms, office, and shower room. This additional accommodation enhances the overall investment appeal, offering rental diversification and long-term value in a prime seaside location.
Positioned within walking distance of the harbour, beaches, and cultural attractions such as the Tate Gallery, the property benefits from exceptional footfall and a vibrant surrounding mix of independent shops, cafés, and restaurants. The Downalong district is particularly popular with visitors, ensuring consistent demand and strong trading conditions.
The property is let on a 21-year lease from April 2023 at £30,000 per annum, with upward-only rent reviews every four years and no break clauses, providing secure and predictable income for investors.
Enquire now to secure this rare mixed-use investment opportunity in St Ives.
