- INVESTMENT PURCHASE
- IDEAL BUY TO LET
- GROUND FLOOR 1 BED FLAT
- DOUBLE BEDROOM
- GAS CENTRAL HEATING & UPVC DOUBLE GLAZING
- CONVENIENT CENTRAL COUNTY LOCATION
- GUARANTEED FIXED AST UNTIL DECEMBER 2022
- ALLOCATED PARKING
- NO ONGOING CHAIN
- MAINS SERVICES: ALL MAINS
BUY TO LET INVESTMENT! A PURPOSE BUILT GROUND FLOOR ONE BEDROOM APARTMENT CONVENIENTLY CLOSE TO THE VILLAGE CENTRE. GUARANTEED MONTHLY RENTAL INCOME FROM FIXED TERM AST UNTIL DECEMBER 2022.
LOCATION: Fraddon remains one of Newquay's most popular catchment villages, favoured due to its great village amenities and handy central county position, being only a short car journey to not only Newquay but several other major surrounding towns. Within the three neighbouring villages of Indian Queens, St Columb Road and Fraddon there are excellent day to day amenities including pubs, restaurants, doctors surgery, local parks, schools and the well equipped Kingsley Village with recently opened Marks and Spencer Superstore. Set slightly inland a few miles away from the beautiful North Cornish coastline, yet within easy access to beaches by car.
SUMMARY: This spacious ground floor, one bedroom apartment forms part of a modern development of only 8 purpose built flats constructed in 2004.
The development has a residents car park immediately outside of the apartment itself with a numbered allocated space. Village amenities are available on foot and the property is sold with no ongoing chain. A fantastic buy to let investment opportunity.
The principal accommodation consists of a private entrance into hallway, the main living space is one open plan lounge/diner/kitchen, with a fitted range of wall and base units and ample space for living and dining furniture. The bedroom is a great sized double with far reaching country views back towards Newquay. The bathroom has a modern white suite with shower over the bath and full tiling.
Throughout the property there is gas fired central heating and UPVC double glazing.
This property is being sold by a professional landlord as part of a portfolio sale. Currently there is an ongoing assured shorthold fixed term tenancy via Mears Group Plc. Mears group is a housing and social care provider, the current owner has signed a fixed contract which expires in December 2022 with Mears Group. In turn they provide a tenant for the duration of the contract, guaranteeing rent every month without fail regardless of void spells at £425 pcm. They also indemnify against rent arrears and offer full management if required. At the end of the tenancy, they also complete tenant repairs as required. For buy to let investors this means guaranteed income month after month without any issues or disruption and the knowing you are providing housing for the most in need.
As such because this tenancy is fixed until December 2022 buyers will transfer the tenancy and become the landlord via Mears Group until the end of the tenancy where upon they can decide whether they continue or change.
With this in mind this property is specifically aimed at buy to let investors but please do not be confused with sitting tenants 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.