Property description

Summary

A rare opportunity to acquire a city centre investment property which is currently let and achieving a gross annual income of £6,780, with surprisingly low level of service/ground rent costs. This well-presented two bedroom apartment is located in the heart of the city centre with easy access to the many restaurants plus the numerous independent and national retail outlets and the commercial quarter just beyond. It is also a short walk to the Quay and the train bus stations. The property is “all-electric” with economy 7 night storage heating and the accommodation includes an open plan living area, with clear lines dividing the kitchen from the lounge. There are two bedrooms and a fitted bathroom suite, in white, with electric shower over the bath, WC and pedestal wash hand basin.

The communal areas were last decorate in 2012 and replacement carpets, in communal areas, are due in next 6-8 weeks.

Directions

Proceeding from Cardens office in Longbrook Street, towards the High Street, walk along the High street down towards Fore Street, cross over and carry on down Fore Street, by “The Mint” pub turn right walk along the path and there are secure entry gates just along on the left hand side.

ACCOMMODATION WITH APPROXIMATE MEASUREMENTS COMPRISES THE FOLLOWING:

The property is found a little way along the footpath, off Fore Street, alongside The Mint pub. There is a secure wrought iron communal gate, with intercom, that opens into a courtyard with steps and walk way to the communal entrance opening into the hallway. Stairs lead up to the secure front door entrance opening into 

Hallway

Just inside the front door there is an intercom phone linked to the main communal entrance. Wall cupboard housing the consumer unit and economy 7 electric meters. There are two wall mounted mirrors and laminate floor covering.

Doors off to:-

Master Bedroom

10’ 5” (3.19m) x 7’ 3” (2.22m)

Georgian style sash window, overlooking Fore Street, with spotlights set into ceiling and laminate flooring. There is a sleigh style double bed, clothes hanging rail and night storage heater. 

Open Plan Lounge/Kitchen

16’ 2” (3.92m) max x 9’ 5” (2.22m) max

Although open plan there are clear dividing lines between the Lounge and Kitchen areas with laminate flooring.

Kitchen

6’ 6” (2.03m) x 6’ 5” (1.97m) 

Galley style fitted kitchen, in cherry wood finish, with a useful range of floor and wall units plus breakfast bar and stool. Granite effect rolled edge worktop with inset circular sink bowl, with mixer tap over, inset circular draining plate and tiled splash backs. Integrated appliances comprise an electric hob and oven, with stainless steel extractor above, washing machine and fridge. In addition there is a microwave.

Lounge

10’ 8” (3.27m x 9’ 5” (2.90m) 

A comfortable space with Georgian style sash windows overlooking Fore Street and an exposed beam. A wall mounted television, night storage heater and spotlights inset in ceiling. 

There are 4 steps down to an inner hallway off which are doors to:

Bedroom Two

8’ 8” (2.64m) max x 7’ 10” (2.39m) max

Could be used as a study this second bedroom has a window to the side and night storage heater with inset ceiling spotlights. There is a futon, which opens out to provide a double bed, and a clothes rail. 

Bathroom

Fully tiled bathroom with opaque glass window to the rear. A white suite comprising of a panelled bath with shower curtain and fitting above. Pedestal wash hand basin and low level WC, extractor, radiator and vinyl flooring. Inset ceiling spotlights.

Outside              

To the rear: Secure communal courtyard and eligible for permit parking application.

Agents Note:

This apartment is currently let to a couple on an assured shorthold tenancy with a gross annual income of £6,780. All fixtures and fittings as per inventory are included in the sale price.

Council Tax        Exeter City Council       Band

Lease:                   125 years from 1994 (expires 2119)

Inclusive property charge £600 includes ground rent, maintenance and buildings insurance.

For further information regarding this property please contact

COLIN JARRETT or IVOR BULL

VIEWING ONLY BY APPOINTMENT PLEASE WITH CARDENS RESIDENTIAL SUBJECT TO A MINIMUM OF 24 HOURS NOTICE

Property Features :

• Two bedroom apartment in excellent city centre location
• Let on an Assured Shorthold Tenancy basis
• Open-plan Lounge/Kitchen
• 2 Bedrooms
• Bathroom