The freehold of a commercial site with development potential in Newquay is heading to auction.

The site at Wesley Yard includes premises used by a well-established motor vehicle repair garage, a row of 10 lock-up garages, a range of lock-up stores, workshops, yards and undercover parking.

It has a freehold guide price of £375,000 plus in the third sale of 2023 by the regional land and property auctioneers Clive Emson.  

Extending to 0.18 hectares (0.45 acres), it is currently part-let at £18,819 per annum.

Senior auction appraiser Katie Semmens said: “This property offers significant opportunities for asset management and rental growth to maximise return on investment in this property.

“There is also potential for some form or commercial, residential or mixed development, all subject to the necessary consents.

“We expect keen interest in this site, which is in a mixed-use part of Newquay close to the town centre.”

Units at the yard are variously let as a yoga studio, storage, an artist’s studio, workshops, lock-up garages and as Atlas Garage for motor vehicle repairs.

Clive Emson Auctioneers holds auctions eight times a year, with offices in Essex, Kent, Sussex, Hampshire and the West Country. 

One of the top five property auctioneers in the UK, it has 130 lots on offer in its third auction of 2023, which ends on Thursday, May 4.