- 1 X 2 bed, 1 x 1 bed, 3 x studio
- Fully let, with or without ongoing management
- Steady documented income
- Good condition, well maintained
- Fully documented and legally compliant
- Town Centre Location, easy to let
- 2 bed apartment with a deck and parking
- Some sea views from the rear
- Available as a going concern immediately
- No rent arrears
Full Description
FULLY COMPLIANT AND WELL ESTABLISHED MANAGED BLOCK OF 5 SELF CONTAINED APARTMENTS IN NEWQUAY TOWN FULLY LET WITH AN ANNUAL GROSS INCOME OF £31,320.
This well established and well maintained investment property lies in Newquay Town Centre and offers an opportunity to purchase a fully compliant and fully let investment property for an Annual return. The property is currently fully managed by Start & Co and this service can continue if required (fee of 8% plus VAT), or can be passed over for self-management with all the supporting documentation etc. Current and passing lease schedule as follows:
Flat 1
Ground floor 2 bedroom apartment with gas central heating, small decked area and parking. Let from 15/06/2022 on a 12 month AST at £695.00 pcm. £675.00 deposit. EPC rating - C
Flat 2
First floor studio apartment with electric heating. Let from 17/04/2014 on a statutory periodic tenancy (rolling) at £400.00 pcm. £400.00 deposit. EPC rating - D
Flat 3
First floor one bedroom apartment with gas central heating. Let from 01/03/2023 on a 12 month AST at £595.00 pcm. £595.00 deposit. EPC rating C
Flat 4
Second floor studio apartment with electric heating. Let from 01/03/2019 on a statutory periodic tenancy (rolling) at £425.00 pcm. £425.00 deposit. EPC rating D.
Flat 5
Second floor studio apartment with electric heating. Let from 08/04/2023 on a 12 month AST at £495.00 pcm. £495.00 deposit. EPC rating C.
Store
There is a lockable store room for landlord amenity use.
Images
The marketing photos are a selection of recent stock images of some of the apartments taken when the properties were empty and available for let. These images are intended to give a reasonably accurate overview of the style and condition of the apartments, but please note ALL of the apartments are fully let and occupied.
Notes
All apartments have satisfactory EICR reports, gas safety certificates (where required), planning approval (PA10/07774), deposit scheme registration, communal inspected fire alarm, satisfactory EPC’s, tenancy agreements and verified tenants. There are no rent arrears.
Tenure
Freehold
Services
All mains. All individually metered with additional landlord electricity supply for communal areas.
Council Tax
Each flat is Band A, council tax paid by tenants individually.
Viewing
Please contact us on 01637 875847 if you wish to arrange a viewing appointment for this property, or require further information.
Disclaimer
Start & Co endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.
This well established and well maintained investment property lies in Newquay Town Centre and offers an opportunity to purchase a fully compliant and fully let investment property for an Annual return. The property is currently fully managed by Start & Co and this service can continue if required (fee of 8% plus VAT), or can be passed over for self-management with all the supporting documentation etc. Current and passing lease schedule as follows:
Flat 1
Ground floor 2 bedroom apartment with gas central heating, small decked area and parking. Let from 15/06/2022 on a 12 month AST at £695.00 pcm. £675.00 deposit. EPC rating - C
Flat 2
First floor studio apartment with electric heating. Let from 17/04/2014 on a statutory periodic tenancy (rolling) at £400.00 pcm. £400.00 deposit. EPC rating - D
Flat 3
First floor one bedroom apartment with gas central heating. Let from 01/03/2023 on a 12 month AST at £595.00 pcm. £595.00 deposit. EPC rating C
Flat 4
Second floor studio apartment with electric heating. Let from 01/03/2019 on a statutory periodic tenancy (rolling) at £425.00 pcm. £425.00 deposit. EPC rating D.
Flat 5
Second floor studio apartment with electric heating. Let from 08/04/2023 on a 12 month AST at £495.00 pcm. £495.00 deposit. EPC rating C.
Store
There is a lockable store room for landlord amenity use.
Images
The marketing photos are a selection of recent stock images of some of the apartments taken when the properties were empty and available for let. These images are intended to give a reasonably accurate overview of the style and condition of the apartments, but please note ALL of the apartments are fully let and occupied.
Notes
All apartments have satisfactory EICR reports, gas safety certificates (where required), planning approval (PA10/07774), deposit scheme registration, communal inspected fire alarm, satisfactory EPC’s, tenancy agreements and verified tenants. There are no rent arrears.
Tenure
Freehold
Services
All mains. All individually metered with additional landlord electricity supply for communal areas.
Council Tax
Each flat is Band A, council tax paid by tenants individually.
Viewing
Please contact us on 01637 875847 if you wish to arrange a viewing appointment for this property, or require further information.
Disclaimer
Start & Co endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.
