Block of apartments for sale

A large freehold investment property located on Winner Street, in Paignton's town centre. The property is comprised of ten self-contained flats, arranged as 4x one-bedroom flats, 2x two-bedroom flats and a car park. The flats are self-contained, with sub meters for electric and gas usage. Tenants are responsible for their own water and council tax. When fully let the property produces an income of £55,488 per annum. The car park at the rear has space for 5 vehicles, and the landlord lets these on an informal basis at a weekly rent of £8 per space.

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The accommodation is accessed from the rear of Winner Street and briefly comprises: -

36 WINNER STREET

FLAT 1

KITCHEN - 10' 9'' x 12' 10'' (3.27m x 3.91m)

BEDROOM - 6' 5'' x 15' 0'' (1.96m x 4.58m)

SHOWER ROOM
With shower cubicle, WC and wash hand basin.

FLAT 2

BEDROOM - 8' 0'' x 15' 2'' (2.44m x 4.63m)

LIVING ROOM - 8' 2'' x 13' 0'' (2.48m x 3.96m)

KITCHEN - 8' 6'' x 6' 6'' (2.59m x 1.99m)

BATHROOM
With bath, WC and wash hand basin.

FLAT 3 (2 BED MAISONETTE)

LIVING ROOM - 13' 1'' x 12' 10'' (3.98m x 3.91m)

KITCHEN - 11' 3'' x 6' 2'' (3.42m x 1.87m)

BATHROOM
With bath, WC and wash hand basin. Stairs up to:-

BEDROOM 1 - 8' 4'' x 13' 6'' (2.55m x 4.11m)

BEDROOM 2 - 9' 5'' x 14' 0'' (2.88m x 4.26m)

FLAT 4

OPEN PLAN LIVING/KITCHEN AREA - 13' 11'' x 15' 1'' (4.23m x 4.61m)

BEDROOM - 10' 8'' x 7' 7'' (3.25m x 2.30m)

BATHROOM
With bath and shower over, WC and wash hand basin.

FLAT 5

BEDROOM - 11' 5'' x 9' 0'' (3.47m x 2.74m)

LIVING ROOM - 12' 7'' x 10' 2'' (3.84m x 3.11m)

KITCHEN - 6' 8'' x 6' 10'' (2.02m x 2.09m)

BATHROOM
With bath, WC and wash hand basin.

38 WINNER STREET

FLAT 1
Accessed from the front of the property on Winner Street.

LIVING ROOM/KITCHEN - 15' 9'' x 14' 1'' (4.81m x 4.29m)

BEDROOM - 12' 3'' x 8' 6'' (3.73m x 2.60m)

BATHROOM - 6' 3'' x 5' 6'' (1.90m x 1.68m)

FLAT 2
Access via communal hallway at rear of property.

LIVING ROOM/KITCHEN - 15' 9'' x 13' 9'' (4.79m x 4.19m)

BEDROOM - 11' 9'' x 8' 10'' (3.59m x 2.69m)

BATHROOM - 6' 2'' x 4' 7'' (1.88m x 1.40m)

FLAT 3
Accessed via communal hallway at rear of property.

LIVING ROOM - 13' 11'' x 7' 10'' (4.24m x 2.40m)

KITCHEN - 8' 8'' x 6' 0'' (2.65m x 1.83m)

BEDROOM - 10' 7'' x 7' 8'' (3.23m x 2.33m)

BATHROOM - 5' 5'' x 5' 5'' (1.66m x 1.65m)

FLAT 4
Accessed via communal hallway at rear of property.

LIVING ROOM - 10' 7'' x 9' 11'' (3.22m x 3.01m)

KITCHEN - 6' 10'' x 6' 5'' (2.08m x 1.95m)

BEDROOM - 11' 1'' x 6' 10'' (3.37m x 2.08m)

BATHROOM - 7' 1'' x 3' 11'' (2.16m x 1.20m)

FLAT 5
Independent access at the rear of the property.

LIVING ROOM/KITCHEN - 18' 3'' x 9' 3'' (5.55m x 2.82m)

BEDROOM - 9' 7'' x 8' 10'' (2.91m x 2.70m)

BEDROOM - 11' 5'' x 8' 3'' (3.47m x 2.51m)

BATHROOM - 7' 3'' x 5' 3'' (2.20m x 1.60m)

LANDLORDS STORE - 14' 2'' x 7' 2'' (4.33m x 2.18m)
Located at the rear of the property.

EXTERNAL
At the rear of the property is a car park, with spaces for 5 vehicles. The landlord rents these on an informal basis at a weekly rental of £8 per space.

TENURE
The property is offered for sale freehold, subject to the occupational tenancies and the long leasehold of the ground floor shop in 36 Winner Street.

RENT SCHEDULE
36 WINNER STREETFlat 1 - £495 PCM. Flat 2 - £420 PCM.Flat 3 - £650 PCM. Flat 4 - £475 PCM.Flat 5 - £450 PCM. 38 WINNER STREET Flat 1 - £360 PCM. Flat 2 - £450 4 weekly.Flat 3 - £337.50 PCM. Flat 4 - £450 PCM. Flat 5 - £499 PCM.

COMMERCIAL UNIT – 36 WINNER STREET
The commercial unit has been sold off on a 999-year lease. The leaseholder is responsible for 1/3 contribution towards roof repairs and building insurance for 36 Winner Street.

UTILITIES
The flats all have their own water supply and are sub metered for electricity with coin fed meters. The flats in 38 Winner Street are sub metered for gas and the landlord charges the tenants for their respective usage.

COUNCIL TAX BANDS
All the flats are rated as Council Tax Band A.

EPC RATINGS
All the flats are currently achieving an EPC rating of an E. Each of the flats Energy Performance Certificates are available online via the GOV.UK find an energy certificate website.

VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.

Council Tax Band: A
Tenure: Freehold