House For Sale £425,000
Trebarwith Crescent, Newquay TR7

FULLY COMPLIANT AND WELL ESTABLISHED MANAGED BLOCK OF 5 SELF CONTAINED APARTMENTS IN NEWQUAY TOWN FULLY LET WITH AN ANNUAL GROSS INCOME OF £31,320.

This well established and well maintained investment property lies in Newquay Town Centre and offers an opportunity to purchase a fully compliant and fully let investment property for an Annual return. The property is currently fully managed by Start & Co and this service can continue if required (fee of 8% plus VAT), or can be passed over for self-management with all the supporting documentation etc. Current and passing lease schedule as follows:

Flat 1 - Ground floor 2 bedroom apartment with gas central heating, small decked area and parking. Let from 15/06/2022 on a 12 month AST at £695.00 pcm. £675.00 deposit. EPC rating - C

Flat 2 - First floor studio apartment with electric heating. Let from 17/04/2014 on a statutory periodic tenancy (rolling) at £400.00 pcm. £400.00 deposit. EPC rating - D

Flat 3 - First floor one bedroom apartment with gas central heating. Let from 01/03/2023 on a 12 month AST at £595.00 pcm. £595.00 deposit. EPC rating C

Flat 4 - Second floor studio apartment with electric heating. Let from 01/03/2019 on a statutory periodic tenancy (rolling) at £425.00 pcm. £425.00 deposit. EPC rating D.

Flat 5 - Second floor studio apartment with electric heating. Let from 08/04/2023 on a 12 month AST at £495.00 pcm. £495.00 deposit. EPC rating C.

Store - There is a lockable store room for landlord amenity use.

Images - The marketing photos are a selection of recent stock images of some of the apartments taken when the properties were empty and available for let. These images are intended to give a reasonably accurate overview of the style and condition of the apartments, but please note ALL of the apartments are fully let and occupied.

Notes - All apartments have satisfactory EICR reports, gas safety certificates (where required), planning approval (PA10/07774), deposit scheme registration, communal inspected fire alarm, satisfactory EPC's, tenancy agreements and verified tenants. There are no rent arrears.

Tenure - Freehold

Services - All mains. All individually metered with additional landlord electricity supply for communal areas.

Council Tax - Each flat is Band A, council tax paid by tenants individually.