- BUY TO LET INVESTMENT
- GUARANTEED FIXED TENANCY UNTIL NOVEMBER 2022
- TOP FLOOR ONE BEDROOM APARTMENT
- SEA VIEWS OVER FISTRAL
- QUIET SIDE STREET
- HIGHLY DESIRABLE CENTRAL LOCATION
- SHORT WALK TO FISTRAL BEACH
- UPVC DOUBLE GLAZING & ELECTRIC HEATING
- CLOSE TO TOWN AMENITIES
- MAINS SERVICES: WATER, ELECTRICITY & DRAINAGE
A TOP FLOOR ONE BEDROOM APARTMENT WITH DISTANT SEA VIEWS OVER FISTRAL BEACH WHICH CAN BE WALKED TO IN MINUTES. SITUATED ON A SIDE STREET IN A HIGHLY DESIRABLE CENTRAL NEWQUAY LOCATION. BUY TO LET BUYERS ONLY. FIXED TENANCY UNTIL NOVEMBER 2022.
LOCATION: Trevose Avenue is a highly desirable central Newquay street, sandwiched between the world famous Fistral Beach and the main town centre amenities. A quiet side street just off from the main Tower Road, it has always been a popular location. Within a short walk through the Golf Course public right of way, Fistral Beach can be found within only a matter of minutes.
At the bottom of Tower Road is the beautiful and picturesque working fishing harbour and the highly popular Red Lion Inn. The main town amenities can also be found within a short distance on foot with Newquay having a large range of food, drink and retail outlets, a long and expansive high street with a variety of beaches nearby. As such Trevose Avenue and this particular section of central Newquay remains one of its most popular.
SUMMARY: This top floor one bedroomed apartment has an interesting loft style feel with exposed beams and sloping ceilings in the main living spaces, this doesn't hinder the head height and the rooms are flooded with natural light from dual aspect windows. There are even some sea glimpses from the front facing windows towards Fistral Beach over Newquay Golf Course.
The property is being sold as an investment property specifically for buy to let investors. There is currently a fixed tenancy in situ which must be honoured until November 2022.
The principal accommodation consists of a communal entrance on the ground floor where there are stairs rising to all levels. A private door on the first floor of the development makes way into the apartment where there are stairs rising up to the second floor accommodation.
As you reach the second floor there is a small hallway with all rooms filtering off. The main reception room is an open plan lounge/kitchen with dual aspect windows including sea views to the front. There is a fitted range of modern style kitchen units including integrated oven, hob and extractor.
Separately to this is a double bedroom with fitted shower and finally there is a separate WC suite with wash basin and WC within.
The property has UPVC double glazing and electric panel heaters. The property has recently undergone decorative repairs to include re-skimming and some added insulation and is a clean and tidy example of a one bedroom flat of this type. There is no allocated parking with the property, however, there is unrestricted street parking on Trevose Avenue and many of the neighbouring streets.
As briefly mentioned the property is being sold by a professional landlord as part of a portfolio of sale. Currently there is an ongoing Assured Shorthold Fixed Term Tenancy via Meers Group PLC. Meers Group is a housing and social care provider. The current owner has signed a fixed contract which expires in November 2022 with Meers Group. In turn they provide a tenant for the duration of the contract guaranteeing rent for every month without fail regardless of void spells at £425 per calendar month. They also indemnify against rent arrears and offer full management if required. At the end of the tenancy they also complete tenancy repairs as needed. For buy to let investors this means guaranteed income month after month without any issues or disruption and knowing you are providing housing for the most in need.
As such, because this tenancy is fixed until November 2022 buyers will transfer the tenancy and become the Landlord via Meers Group until the end of the tenancy, where upon they can decide whether they continue or change. With this in mind the property is specifically aimed at buy to let investors, but please do not be confused with a sitting tenant as this is no such thing. There is a fixed contract in place that can be legally severed at the end of the term if desired.
WHAT WE LOVE: The tenancy guarantees the rent regardless of void period and without any risk of arrears. This is a very solid investment opportunity.
Agents Note: The property is held on a 999 year lease.
Ground Rent - Peppercorn.
Service Charge: Share of maintenance as and when required