Property description
An excellent opportunity to acquire the freehold of this residential investment comprising of 3 flats which have all been recently refurbished. (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 potential income of Approx. £13,620 per annum offering 6.64% 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 £385 per calendar month (£4,620 per annum)
A one bedroom ground floor flat comprising of a galley style kitchen, living room, bedroom and shower room. This flat has been recently refurbished throughout making it feel modern. The flat is heated by ceramic electric heaters and the electric hot water heaters.
Flat 4 (Ground Floor Bedsit) Currently rented out at £300 per calendar month (£3'600 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.
Garden Area
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
Services
All mains services connectedCouncil 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
Measurements
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.
Data Protection
Please note that all personal information provided by customers wishing to receive information and/or services from the estate agent will be processed by the estate agent and the \"Property Sharing Experts\" (Of which it is a member) for the purpose of providing services associated with the business of an estate agent but specifically excluding mailings or promotions by a third party. If you do not wish your personal information to be used for any of these purposes, please notify your estate agent.
Consumer Protection from Unfair Trading Regulations 2008
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.
Property Features :
- NO ONWARD CHAIN
- Newly Refurbished
- Potential Income of £14,760 per annum (6.4% Return of Investment)
- 3 Flats
- Communal Garden
Property Info: