Riverside Crescent, Newquay, TR7

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.

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.