Five-flat investment opportunity

An exciting opportunity to acquire a substantial income-producing investment property occupying a convenient position within easy reach of Exeter City Centre. The property is currently arranged to provide four studio flats together with a one-bedroom flat, all of which are let and producing a combined current rental income of £36,900 per annum (£3,075 pcm). Of particular interest, the property also benefits from an integral garage and office room, adding further versatility and potential to an already attractive investment property opportunity. The property will appeal to established landlords, portfolio investors and purchasers seeking a high-yielding multi-unit residential investment in the heart of Exeter. LOCATION Situated on Bartholomew Street West, the property occupies a convenient position close to Exeter City centre and its extensive range of shops, restaurants, leisure facilities and transport connections. Exeter Central and St David’s railway stations are both within easy reach, together with the University of Exeter and the City’s principal employment centre. ACCOMMODATION Ground floor Office: A single room let to a business for office/storage use. Flat 1: Private flat entrance, bed/living room, kitchen, inner lobby, bathroom/WC. First floor Flat 2: Private flat entrance, kitchen/living room, bedroom, bathroom/WC. Flat 3: Private flat entrance, hallway, bathroom/WC, inner hallway, kitchen, bedroom, living room. Second floor Flat 4: Private flat entrance, living room, inner hallway, kitchen, bathroom/WC, bedroom. Flat 5: Private flat entrance, kitchen/breakfast room, hallway, bathroom/WC, bed/living room. Outside Integral garage. TENURE Freehold subject to tenancies. TENANCY INFORMATION Flat 1: Let on an assured periodic tenancy with current rents reserved of £425.00 per calendar month. Flat 2: Let on an assured periodic tenancy with current rents reserved of £595.00 per calendar month. Flat 3: Let on an assured periodic tenancy with current rents reserved of £550.00 per calendar month. Flat 4: Let on an assured periodic tenancy with current rents reserved of £425.00 per calendar month. Flat 5: Let on an assured periodic tenancy with current rents reserved of £675.00 per calendar month. EPC Flat 1: E Flat 2: D Flat 3: E Flat 4: E Flat 5: E WHAT3WORDS ///hoot.host.allows MOBILE & BROADBAND COVERAGE Broadband: Ultrafast available Mobile: Good outside, may be variable inside. Source: ofcom.org.uk VIEWINGS Block viewings available. Please call us on 01395 247000 to arrange. IMPORTANT INFORMATION All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day. AUCTION LEGAL PACK & FINANCE Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction. PRICE INFORMATION Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction). This reserve figure cannot be higher than 10% above a single figure guide. Please check our website regularly at www.247propertyauctions.co.uk or contact us on 01395 247000 for up to date information. At the fall of the hammer contracts are exchanged and there is no going back!