House For Sale £500,000
The Properties
Cottage One
Cottage one is on a separate title and requires major investment. The property comprises of a two bedroom semi detached cottage with a kitchen/breakfast room, lounge, two bedrooms and a three piece bathroom. There is a large entrance porch, with sliding doors into the front garden.
Cottage one has the added benefit of a large garage with a studio space above. There is a small room at the rear of the garage. The property has a decked side garden, which requires urgent action.
Cottage Two
Cottage two is a semi detached cottage attached to cottage one. Cottage two requires some decorative modernisation and has a large entrance porch, private front garden, two bedrooms and a bathroom. There is a kitchen/breakfast room and a lounge. Cottage two is on the same title as the maisonettes next door.
Cottage Three, Four, Five & Six (Maisonettes)
Cottages three to six are two bedroom maisonettes which have their own private entrance. Each maisonette has its own gas supply (lpg), water and electricity. Each maisonettes comprises of two bedrooms, a shower room, lounge and a kitchen with a large internal hallway.
Both ground floor maisonettes benefit from their own garden space. Cottage Six has a raised decked area and is private outside space for this maisonette.
Each cottage is currently achieving the following rental income.
Cottage One - £0 Empty
Cottage Two - £450 Per Month (Rolling AST)
Cottage Three - £0 Empty - Being advertised at £700 pcm
Cottage Four - £475 Per Month (Rolling AST)
Cottage Five - £550 Per Month (Rolling AST)
Cottage Six - £525 Per Month (Rolling AST)
The cottages are currently achieving £24,000 per Annum, with two empty units.
A projected income with rents of between £700 - £800 per month, per unit could potentially achieve £4300 per month. This could bring in £51,600 per annum.
Each property has double glazed windows and gas central heating. The EPCs range between a D - E.
Land & Parking
Each property has parking for at least one vehicle. The communal car park is tarmac, with six lpg gas cylinders, one for each property. There is a large garden which has been maintained by the current tenants. This could potentially be developed subject to planning permission being gained.
Tenure & Services
Tenure - Freehold - Two Separate Titles
Services - Mains water, drainage, electricity, lpg Gas
EPC - E - D
Council Tax Band -
Cottage One - B
Cottage Two - B
Cottage Three - A
Cottage Four - A
Cottage Five - A
Cottage Six - A
Terms & Conditions
Our clients are seeking proposals on an Unconditional Basis and should note the following:-
· Confirm source of funding.
· Confirm company details if appropriate.
· Confirm the name of solicitor acting (name and contact details).
The final date for offers is January 20th 2023 at 13:00.
Proposals should be submitted in writing to :-
for the attention of luke boon –
Ref The Cottages, Polbathic
Atwell Martin
65 Southside Street,
The Barbican,
Plymouth
PL1 2LA
Tel: Email:
Please advise Atwell Martin in advance if offers are to be made via e-mail or telephone. Offers submitted by e-mail or telephone will be acceptable provided they are received by Atwell Martin before the deadline set out in these particulars.
Location
Polbathic is a small Cornish village, located within the parish of St Germans, inbetween the coastal towns of Looe and Torpoint. An excellent commuter village on the A374, offering direct roads to Treruelfoot, Saltash and Liskeard, plus direct access into Torpoint Town Centre. Transport links include St Germans Train Station with links into Plymouth and London Padding and down into Cornwall, plus the Torpoint car ferry into Plymouth.
Polbathic is located close to Looe, Seaton and a number of seaside villages and towns, offering easy access onto the Cornish Coast. Plymouth is around 8 miles away and is home to the world famous Plymouth Hoe and historic Barbican, as well as a vibrant city centre with local and national traders and eateries. Drake Circus and the Barcode is a retail mall and entertainment centre. Plymouth Train Station has direct trains into London, as well as the A38 Devon Expressway, giving access into Exeter, the M5 and into Cornwall.
Communal Garden
Large tiered garden which is communal for residents
Garden
Each house has a private garden.
Garden
Each ground floor flat has its own private garden
Cottage One
Cottage one is on a separate title and requires major investment. The property comprises of a two bedroom semi detached cottage with a kitchen/breakfast room, lounge, two bedrooms and a three piece bathroom. There is a large entrance porch, with sliding doors into the front garden.
Cottage one has the added benefit of a large garage with a studio space above. There is a small room at the rear of the garage. The property has a decked side garden, which requires urgent action.
Cottage Two
Cottage two is a semi detached cottage attached to cottage one. Cottage two requires some decorative modernisation and has a large entrance porch, private front garden, two bedrooms and a bathroom. There is a kitchen/breakfast room and a lounge. Cottage two is on the same title as the maisonettes next door.
Cottage Three, Four, Five & Six (Maisonettes)
Cottages three to six are two bedroom maisonettes which have their own private entrance. Each maisonette has its own gas supply (lpg), water and electricity. Each maisonettes comprises of two bedrooms, a shower room, lounge and a kitchen with a large internal hallway.
Both ground floor maisonettes benefit from their own garden space. Cottage Six has a raised decked area and is private outside space for this maisonette.
Each cottage is currently achieving the following rental income.
Cottage One - £0 Empty
Cottage Two - £450 Per Month (Rolling AST)
Cottage Three - £0 Empty - Being advertised at £700 pcm
Cottage Four - £475 Per Month (Rolling AST)
Cottage Five - £550 Per Month (Rolling AST)
Cottage Six - £525 Per Month (Rolling AST)
The cottages are currently achieving £24,000 per Annum, with two empty units.
A projected income with rents of between £700 - £800 per month, per unit could potentially achieve £4300 per month. This could bring in £51,600 per annum.
Each property has double glazed windows and gas central heating. The EPCs range between a D - E.
Land & Parking
Each property has parking for at least one vehicle. The communal car park is tarmac, with six lpg gas cylinders, one for each property. There is a large garden which has been maintained by the current tenants. This could potentially be developed subject to planning permission being gained.
Tenure & Services
Tenure - Freehold - Two Separate Titles
Services - Mains water, drainage, electricity, lpg Gas
EPC - E - D
Council Tax Band -
Cottage One - B
Cottage Two - B
Cottage Three - A
Cottage Four - A
Cottage Five - A
Cottage Six - A
Terms & Conditions
Our clients are seeking proposals on an Unconditional Basis and should note the following:-
· Confirm source of funding.
· Confirm company details if appropriate.
· Confirm the name of solicitor acting (name and contact details).
The final date for offers is January 20th 2023 at 13:00.
Proposals should be submitted in writing to :-
for the attention of luke boon –
Ref The Cottages, Polbathic
Atwell Martin
65 Southside Street,
The Barbican,
Plymouth
PL1 2LA
Tel: Email:
Please advise Atwell Martin in advance if offers are to be made via e-mail or telephone. Offers submitted by e-mail or telephone will be acceptable provided they are received by Atwell Martin before the deadline set out in these particulars.
Location
Polbathic is a small Cornish village, located within the parish of St Germans, inbetween the coastal towns of Looe and Torpoint. An excellent commuter village on the A374, offering direct roads to Treruelfoot, Saltash and Liskeard, plus direct access into Torpoint Town Centre. Transport links include St Germans Train Station with links into Plymouth and London Padding and down into Cornwall, plus the Torpoint car ferry into Plymouth.
Polbathic is located close to Looe, Seaton and a number of seaside villages and towns, offering easy access onto the Cornish Coast. Plymouth is around 8 miles away and is home to the world famous Plymouth Hoe and historic Barbican, as well as a vibrant city centre with local and national traders and eateries. Drake Circus and the Barcode is a retail mall and entertainment centre. Plymouth Train Station has direct trains into London, as well as the A38 Devon Expressway, giving access into Exeter, the M5 and into Cornwall.
Communal Garden
Large tiered garden which is communal for residents
Garden
Each house has a private garden.
Garden
Each ground floor flat has its own private garden
