0 bed Land (for sale) Riverside Crescent, Newquay TR7

£2,500,000
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Newquay Property Centre
40 East Street, Newquay
01637 413946
First Published

11th Nov 2022

Last Published

25th Nov 2022

 

Features

  • Type: Land
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

Exciting redevelopment opportunity! One of the finest south facing coastal plots in all of cornwall! Panoramic, uninterupted river & sea views over the majestic gannel estuary and the revered crantock beach. Approaching one acre in total with approximately 45 metres of frontage.

Location: Pentire remains Newquay's hottest property location, and it's easy to see why! The peninsula of Pentire is surrounded by natural beauty and rugged coastline looking out over the Atlantic Ocean.

On the southern side of Pentire there is the magical Gannel Estuary with its calm tidal waters and beautiful countryside backdrop. It's a great place to enjoy a quieter pace, whether it be walking the dog at low tide, paddle boarding at high tide or rock pooling for crabs with the children. The Gannel is rarely explored, but always adored.

On the Northern side of Pentire there is the world famous Fistral Beach: Newquay's largest and most popular beach. With a vast expanse of golden sand and protected sand dunes there's always room to find your spot for the day with the family. Fistral Beach consistently has world class surfing waves, attracting water sports enthusiasts from all over the world. The Boardmasters surf festival is hosted annually which is twinned with the 50,000-capacity music festival at Watergate Bay. The week long beach festival culminates with a wqs ranking surf competition, where you can stand on the shoreline and watch the action. At the North end of the beach there is a large well-equipped complex of boutique shops, fine restaurant’s and trendy bars and the iconic 5-Star Headland Hotel sits proudly in the background.

The main town centre of Newquay is approximately a mile from Pentire. Here you will find something for everyone including a different beautiful beach for each day of the week. Pentire quite simply is the perfect place to live, holiday, play or rest in one of Cornwall's crowning jewels: Newquay!

Summary: Perhaps the finest coastal location of all in Newquay is Riverside Crescent; a select residential street primarily consisting of luxury detached coastal homes, bounding onto the banks of the River Gannel. The homes on the southern side (such as the Fern Pit) are easily some of the most exclusive and sought-after coastal homes in Newquay and arguably all of Cornwall; where else do you see a genuinely world class mix of sea, coast, river, and country views that will literally take your breath away!

The Fern Pit enjoys one of the best and largest south-facing plots of all, approaching one acre in total with approximately 45 metres of frontage, not to mention the largest foreshore of all on Riverside Crescent. The position, potential and of course views are literally out of this world, and this is a truly once in a lifetime opportunity.

Standing alone as the only commercial entity in the area, the building and the current owners tenure predates pretty much every other property in the area. Originally built in 1895, acquired by the current Northey Family in 1910 and then extended to what you see today in the 1930's. Throughout this time the business has been successfully and continuously operated as a seasonal cafe, specialising in shellfish and crab freshly caught and landed by their own boat the Excelsior (please note the Excelsior is to be retained by the vendors, and is not included with the sale). Now being sold with heavy hearts due to retirement.

The existing detached building has three storeys, which includes the cafe on the ground floor and owners' accommodation over the remaining two floors, arranged as two separate flats. The cafe has a commercial grade catering kitchen, reception/serving area, customer toilets, and combined between inside and out enough room for approximately 145 covers. Employing up to 20 seasonal and part time staff, operating from Easter to October half term.

At the entrance to the site there is a large customer car park for 20+ vehicles. The outside areas are predominately a variety of cute terraces and seating areas, all designed to take in the incredible views. On the lower level the Fern Pit's famous foot path cuts through and meanders down the riverbank all the way to the foreshore, where the famous boathouse sits on the waterfront. Used to store the ferry boat that transports customers over to Crantock Beach at high tide. At low tide a foot bridge makes passage onto the beach easy.

The Fern Pit is being sold as a whole for either redevelopment or as a going concern. Subject to planning consents there is scope and potential to develop the site into a boutique collection of (we estimate 3-5) high value luxury detached coastal homes, each with their own private waterfront mooring. It is thought that this option will prove to be the most viable. Buyers are free to choose the best option for them. Unconditional offers are preferred, but conditional offers will be considered.

All viewings and enquiries strictly via sole agents Newquay Property Centre.

Agent's notes: Preliminary property details, awaiting Vendor verification.

What we love: As locals ourselves, we've all enjoyed many happy times at the Fern Pit, not just because of the quaint traditional nature of the café and the quality of the food (particularly the crab). But where else in Cornwall can you sit out on a terrace enjoying the views whilst you eat your breakfast, before meandering down the cliff top path, crossing over onto Crantock Beach and then catching the Ferry back after a busy beach day - We can personally vouch that this is easily one of the best family experiences Cornwall has to offer!

 

Local info for TR7

Floor plan

 

Property Value Data/Graphs for TR7

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 34.2% £324,865 2 1.5
Detached house 17.4% £776,246 4.6 2.4
Terraced house 8.1% £318,846 3.8 2.1
Semi-detached house 8.1% £460,612 4.4 2.2
Detached bungalow 8.1% £434,535 3 1.5
Other 7.5% £218,392 1.5 1.2
End terrace house 6.2% £332,490 3.6 1.9
Bungalow 1.9% £450,000 3.3 1.7
Land 1.2% £382,500 0 0
Semi-detached bungalow 1.2% £450,000 3.5 2
Block of flats 1.2% £435,000 4 3.5
Mobile/park home 1.2% £150,000 1.5 1
Town house 1.2% £527,500 3.5 2
Studio 0.6% £210,000 0 1
Maisonette 0.6% £225,000 2 1
Link-detached house 0.6% £230,000 3 1
Terraced bungalow 0.6% £190,000 1 1

Area Information

Average Price Paid

£278,584

Sales

3059

Current Average Value

£418,789

Value Change

£140,205 50.3%

 

Current Asking Prices in TR7 Average: £418,789

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £205,350 (8) £271,203 (19) £373,289 (27) £609,426 (21) £805,667 (15)
Flats £159,188 (12) £297,582 (34) £492,438 (8) £848,333 (3) -
All £177,653 (20) £288,125 (53) £400,523 (35) £639,290 (24) £805,667 (15)

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4 bed Detached house () Waterbeach Mews, Treyarnon Bay PL28 £2,950,000
4 bed Detached house () Towan, St. Merryn, Padstow PL28 £2,950,000
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