6 bedroom apartment for sale
Key information
Property description & features
- Six fully furnished student apartments
- Currently generating an income of £74000
- Fully let until Summer 2025
- 6 Properties with residential & student permissions
- Gas central heating
• CURRENTLY GENERATING AN ANNUAL RENTAL INCOME OF £74,040
• PROJECTED ANNUAL INCOME TO RISE WITH INCREASED RENTS TO £85,680
• LET UNTIL 2025
• CCTV & WIFI SET UP
• CENTRAL FALMOUTH LOCATION
• STUDENT & RESIDENTIAL USE PERMITTED
A fantastic opportunity to purchase six fully furnished one bedroom student properties located in the heart of bustling Falmouth. Currently generating an annual rent of £74,040 and let until 2024. Income is projected to rise with increased rents to £85,680 with two tenancies renewing until 2025 and the remaining have been let. Each apartment is finished to a high standard with German kitchens with AEG appliances.
The layout of each apartment consists of a sitting room, kitchen and shower room. The ground floor rear apartment has a decked courtyard, tiered garden, and an external utility room and WC. The block is monitored by CCTV in the communal areas. All EPCs range from B-E. The EPC shown is an example from one of the apartments.
LOCATION Consistently named as one of the top places to live in the UK, Falmouth is a bustling university town with a fantastic mix of eateries & galleries. Throughout the year the town hosts various festivals and events including the world famous tall ships regatta and red arrows display. With excellent bus routes, and train stations not far away, this location is perfect for both students and residential lettings.
OTHER Our lettings department would expect to achieve a gross yield of 8% . For any further information or any buy to let related advice please contact our lettings department on[use Contact Agent Button] and ask for Sammy Jones.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 102646007970. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Smart Estate Agents - Penryn.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 28, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 28, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on July 18, 2023 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.