Prime Freehold Investment with Commercial Unit and Sea View Apartment – 2 & 2A Morwenna Terrace, Bude, Cornwall

Situated in a high-footfall, central location just moments from Summerleaze Beach, this substantial and well-presented freehold property comprises a thriving ground floor commercial unit and a spacious two-bedroom sea-view apartment above—both currently let, offering an attractive and immediate income opportunity.

The ground floor is home to a popular and well-established café/retail business, trading from a generous open-plan shop space with kitchen, office, storage, and WC facilities. The unit benefits from excellent street visibility and forms part of a vibrant pedestrianised area in the heart of Bude.

Above, with its own private entrance, the first-floor apartment features two bedrooms, a bright living room with bay window and sea views, modern shower room, and fitted kitchen—also let on a residential tenancy, making this an ideal turn-key investment.

A rare opportunity to acquire a mixed-use freehold property in one of North Cornwall’s most desirable coastal towns in a prime town centre location.

The premises enjoys a convenient and sought after central location within this popular coastal town set amidst the rugged North Cornish coastline being famed for its many nearby areas of outstanding natural beauty and popular bathing beaches providing a whole host of water sports and leisure activities together with many breathtaking clifftop coastal walks etc. Bude itself supports a comprehensive range of shopping, schooling and recreational facilities with its 18 hole links golf course and fully equipped leisure centre etc. The bustling market town of Holsworthy lies some 10 miles inland, whilst the Port and Market town of Bideford is some 28 miles in a north-easterly direction providing a convenient access to the A39 North Devon link road which connects in turn to Barnstaple, Tiverton and the M5 motorway.

Directions
From our Bude office turn right towards the end of Queen Street and then left into Princes Street towards the Post Office. Upon reaching Belle Vue take the right hand turning along Morwenna Terrace whereupon Number 2 will be found on the right hand side with the access located to the apartment found at the rear of the building.

Rooms

Ground Floor Commercial Unit
A well-established and fully let ground floor commercial premises situated in a highly visible, central location within Bude's popular pedestrianised shopping and café quarter. Currently operating as a vibrant independent coffee house and lifestyle retail space, the unit benefits from excellent footfall and a loyal customer base. The accommodation comprises a spacious open-plan shop floor (approx. 620 sq ft), a well-fitted commercial kitchen, staff office, utility room, two stores, and three WC facilities. The layout is practical, well-maintained, and offers flexible use for retail, café, deli, or other business types (subject to use class). Currently let to a long-standing tenant on a commercial lease High street location with prominent frontage and outside seating potential Ideal for investment buyers seeking immediate rental income Business unaffected

First Floor Apartment
A spacious and characterful two-bedroom first-floor apartment, accessed via its own private entrance and offering far-reaching sea views from both the living room and principal bedroom. Positioned just moments from the beach and town centre, the property enjoys a prime location for residents or holiday letting alike. Internally, the apartment features a large hallway, bay-fronted living room with sea view, dining area, two double bedrooms, a modern shower room, and a separate fitted kitchen. Well-proportioned and naturally bright, the flat offers a comfortable, low-maintenance lifestyle in a superb coastal setting. Currently let on an assured shorthold tenancy Well-presented throughout with gas central heating Sea views from both the living space and main bedroom Excellent long-term or short-let rental appeal

Rental Yields
The current rent for the commercial unit is £14k per annum with a 15 year lease drawn up in 2021. The flat is £9,600 with an AST from 1st April 2025. Current total yield 6.7%.

EPC
Commercial TBC Flat E

Council Tax
Band B

Rateable Value
Commercial Unit - £15,250

Anti Money Laundering
Before any sale is formally agreed, we have a legal obligation under the Money Laundering regulations and Terrorist Financing Act 2017 to obtain proof of your identity and of your address, take copies and retain on file for five years and will only be used for this purpose. We carry out this through a secure platform to protect your data. Each purchaser will be required to pay £20 upon an offer verbally being agreed to carry out these checks prior to the property being advertised as sale agreed.

LOCAL KNOWLEDGE - NATIONAL STRENGTH ! The Company Bond Oxborough Phillips is an established local company with over 20 years experience in selling property in North Devon and North Cornwall. Throughout our network of offices we are able to offer a complete property service which includes Residential Sales, Property Management and Lettings, Auctions, New Homes and Development. Our extensive knowledge and experience of the local property market enables us to provide a professional and efficient service combined by a proactive marketing campaign. Staff All members of our negotiating teams are highly motivated and experienced in the local market. Our experience in our field enables us to advise clients on all aspects of buying and selling property. We recognise the importance of high standards of customer care and our constantly striving to improve our service. Coverage An extensive regional marketing campaign, a national network of over 250 offices and extensive website marketing enable us to provide unrivalled coverage of your property. Presentation We understand that first impressions of a property are all important. We place extreme emphasis on the presentation and quality of the sales brochure. Using the latest digital technology we produce high quality full colour particulars which always include a floor plan. Experience has shown us that a good presentation will increase viewing rates. Properties We are delighted to be instructed to sell all types of residential and commercial property. Our register currently includes Luxury Waterside Apartments, interesting Period Townhouses, a wide selection of Bungalows, Character Cottages, Executive style Houses, Barn Conversions, Holiday Chalets and Off-plan Developments. Keeping you informed As part of our service , we guarantee to give all important feedback on every viewing. Our Customer Care Co-Ordinator will provide regular summary and reports covering all aspects of our marketing campaign. Regular contact and discussion with our clients enables us to achieve a stress free and smooth sale. Prominent and highly visible offices Largest window display in the town Dedicated and experienced staff Immediate telephone marketing Extensive newspaper advertising Maximum website exposure Weekly property updates Accompanied viewings Guaranteed viewing feedback Regular marketing reports and reviews Comprehensive property brochures Informative floorplans

Mixed use for sale

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