Block of apartments for sale
Key information
Property description & features
- An Investment of 9 Quality One Bedroom Apartments (Possible 10th Unit)
- Prime Location on Paignton Seafront Esplanade
- Producing an Income of £63,840 with Scope for Further Rental Growth
- Well Managed Investment Opportunity
- Large Carpark for Approximately 12 Vehicles
TENANCY SCHEDULE
Flat 1 - £610 PCM. Flat 2 - £645 PCM. Flat 3 - £630 PCM. Flat 4 - £610 PCM. Flat 5 - Presently Manager's Flat. Flat 8 - Presently Large Store. Flat 10 - £810 PCM. Flat 11 - £730 PCM. Flat 12 - £700 PCM. Flat 14 - £585 PCM. TOTAL: £63,840 Per Annum.
UTILITIES
The flats are supplied by a single Landlord's supply, with payment card submeters in each unit. Rents are inclusive of water rates.
COUNCIL TAX
Each flat has a separate Band A assessment, payable by the tenant.
TENURE
The property is for sale freehold, subject to the Assured Shorthold Tenancy occupancy at the date of completion.
LEGAL COSTS
Each party are to bear their own legal costs incurred in any transaction.
VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.
NOTE
Flat 5 - £810 pcm, suggested rent by agent, presently owners flat. Flat 8 - £585, suggested rent if store converted back to flat. Total: £16,470 per annum. POTENTIAL TOTAL RENTAL INCOME £80,580 PA. Annual rent review increases are being assessed by agent for flats 1,2, 3, 4, 12.
EPC RATINGS
Flat 1 - C.Flat 2 - D. Flat 3 - C.Flat 4 - D. Flat 5 - C. Flat 10 - D. Flat 11- E. Flat 12 - E. Flat 14 - E.
Council Tax Band: A
Tenure: Freehold
Property information from this agent
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Property reference 12404189. 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 Bettesworths - Commercial.
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Broadband availability and predicted speed
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Energy Performance data and Internal floor area
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