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Excellent INVESTMENT property, 3 flats, fully occupied and upgraded with instant income of rental income.
An opportunity to acquire the freehold of this residential investment comprising of 3 flats . (1 x Bedsit, 1 x 1 Bedroom Flat and 1 x 2 Bedroom Flat) set back from the main shopping street in the popular town of South Molton with a current income of £14,760 per annum offering 6.7% return of investment.
Flat 2 (First Floor 2 bedroom Flat)
Currently rented out at £450 per calendar month (£5,400 per annum)
The 2 Bedroom Flat is accessed from the ground floor. Stairs lead up to the hall of the flat on the first floor. The flat has a modern kitchen and bathroom and has been recently decorated throughout. The flat is heated by ceramic electric heaters and the electric hot water heaters.
Flat 3 (Ground Floor 1 Bedroom Flat)
Currently rented out at £430 per calendar month (£5160 per annum) A one bedroom ground floor flat comprising of a galley style kitchen, living room, bedroom and shower room. The flat is heated by ceramic electric heaters and the electric hot water heaters.
Flat 4 (Ground Floor Bedsit)
Currently rented out at £350 per calendar month (£4200 per annum) Front door leads into a living area with an open plan modern fitted kitchen to the side of the living area. The shower room is situated through a door to the back of the living area. The shower room has a modern 3 piece shower suite. The flat is heated by ceramic electric heaters and the electric hot water heaters.
There is a garden area to the rear of the properties of which are shared by the 3 flats. There is also possibility to extend the property if suitable planning permission were granted.
Flat 2 Kitchen (13' 1'' x 9' 6'' (3.98m x 2.89m))
A modern fitted kitchen with a range of white base units. Stainless steel sink inserted into the grey laminate worktops. White tiled splash back boarder. Built in Extractor fan. Carpet tiled flooring. Double Glazing window to rear. Plumbing for washing machine.
Flat 2 Living Area (16' 9'' x 51' 1'' (5.10m x 15.56m))
A good sized living area neutrally decorated. Cream carpet. Electric panel wall mounted heater. Electric coal stone effect fireplace.
Flat 2, Bedroom 1 (16' 5'' x 11' 6'' (5.00m x 3.50m))
Double bedroom decorated neutrally. Cream carpets. Electric wall mounted radiator.
Flat 2, Bedroom 2 (6' 11'' x 6' 7'' (2.11m x 2.01m))
Decorated neutrally. Cream carpets. Wall mounted electric radiator.
Flat 3 Kitchen (12' 6'' x 5' 11'' (3.81m x 1.80m))
Recently refurbished modern fitted kitchen. A range of white wall and base units. Part white tiled splash backs. Stainless steel sink fitted into grey laminate worktops. Wood effect flooring.
Flat 3 Living Area (11' 2'' x 8' 10'' (3.40m x 2.69m))
Neutrally decorated. Wooden effect flooring. Wall mounted panel radiator.
Flat 3, Bedroom 1 (9' 2'' x 8' 10'' (2.79m x 2.69m))
Neutrally decorated, Cream carpets. Electric wall mounted radiator.
Flat 4 Living Area (13' 9'' x 13' 1'' (4.19m x 3.98m))
Entrance into the property. Part carpeted and part wooden affect flooring. Plumbing for washing machine.
Flat 4 Kitchen (8' 6'' x 6' 11'' (2.59m x 2.11m))
Modern fitted kitchen with white base units. Grey laminate effect worktops with part tiled white splash backs. Stainless steel sink. Wooden effect flooring.
Flat 4 Shower Room (9' 1'' x 5' 7'' (2.77m x 1.70m))
Modern Fitted Shower room
Communal Garden Area
All mains services connected
Council Tax Band A per flat -**Improvement indicator ** this shows that improvements have been made to the property that might result in the Council Tax band changing if a relevant transaction takes place, for example, if the property is sold. - North Devon District Council
All measurements are approximate. While we endeavour to make our particulars accurate and reliable, if there is any point which is of particular importance please contact us and we will be pleased to provide further information, particularly if you are travelling some distance to view.
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Consumer Protection from Unfair Trading Regulation
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are not included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
Springfield UK Ltd t/a Collyers Properties
Company Number:3004419 | VAT Number: 649865572
Tel: 01271 377237 | Email: email@example.com