- Freehold block of flats
- Sold as going concern
- High yield investment
- Professionally split & converted
- Can be sold individually
- Ideal residential or holiday lets
- Sea views over Newquay Bay
- 5 x 1 bed flats
- Prime location to attract tenants
- Mains Water, Electricity & Drainage
FREEHOLD BLOCK OF FIVE FLATS!! HIGH YIELD INVESTMENT PROPERTY CONSISTING OF 5 X 1 BEDROOM FLATS. PROFESSIONALLY SPLIT AND CONVERTED. SEA VIEWS. SOLD AS GOING CONCERN.
A freehold block of flats sold as a going concern which would make an excellent addition to any professional landlords portfolio. The building itself was professionally converted and split with full building regulations and planning permission and as such, in the future, if buyers wish to, these properties could be separated and sold off individually.
Consisting of five, one bedroom flats, all of which in good modern decorative order, yet owing to the nature of rental accommodation would benefit from cosmetic redecoration and refurbishment.
Principally consisting of a ground floor communal entrance that services the five flats. On the ground floor there are two, one bedroom flats. On the front elevation Kelsey has an entrance lobby into open plan living space with bay window, through to a rear bedroom and shower suite. Flat at the rear, Holywell, similarly has an entrance lobby into open plan kitchen/living/bedroom with separate shower suite.
On the first floor on the rear elevation is Trevone, a very good one bedroom flat with excellent sea views from an open plan lounge/kitchen and from the double bedroom which has a separate shower room off. On the front elevation of the first floor is Harlyn. A slightly smaller one bedroom flat/studio with bedsitting room, shower suite and kitchen.
On the second floor, Constantine, is the best of the flats within the main property and occupies the whole of the second floor. The entrance makes way to a great size kitchen/diner with excellent elevated sea views. This in turn provides access to a front facing sunny living room, a fully tiled bath and shower suite, a great size double bedroom with quality sea views which has a separate little snug area, also with lovely sea views.
The individual sales and rental values for the units are as follow:- Kelsey £95,000 to £100,000/ £495 pcm, Holywell £90,000 to £95,000/£475 pcm, Trevone £85,000 to £90,000/£500 pcm, Harlyn £105,000 to £110,000/£425 pcm, Constantine £120,000 to £125,000/£575 pcm.
To the rear of the building is a separate bungalow which is not included in the sale but may be available by separate negotiation for a price of £160,000.