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Dawlish | Devon

Asking Price £1,300,000

Sold STC

Property Details

Modern, purpose built block of 1-bed apartments for over 50s
Allocated parking space for Each Apartment
Constructed in 2007 to a high Standard
Full sized Passenger lift
Communal Laundry space
Mains Electricity, Water and Sewage

DESCRIPTION

This purpose built block of 1-bed apartments was built in 2007 to a high standard with all apartments currently having up to date EPCs of a C or higher.
The current rental income is c.£89,400 pa and there are rent reviews taking place on a further 5 apartments this calendar year that will bring the annual income up to around £93,300. We believe that even after the rent reviews this will still be below the current market rent for similar properties in the area.
The property is being offered for sale with tenants in situ.
The ground floor of the property comprises of a lobby area with access to the central stairwell and lift. This opens onto a shared hallway that gives access to the five ground floor apartments. The first floor has a communal laundry area and another shared hallway that gives access to the five first floor apartments. The second floor has three larger 1-bed apartments.
The property comes with 13 parking spaces that are allocated individually to each apartment.
The gardens to the property are well landscaped with a summer house in the corner. The property's residents also have the right to use the adjoining gardens of the care home next door.

SERVICESThe property is connected to mains electricity, water, and drainage.
VIEWINGBy appointment only with sole agents Wilkinson Grant before viewing, please call Richie Wilkinson on 01392 455925
SUMMARY

Modern, purpose built block of 1-bed apartments for over 50s Allocated parking space for Each Apartment Constructed in 2007 to a high Standard Full sized Passenger lift Communal Laundry space Mains Electricity, Water and Sewage... Read more

Modern, purpose built block of 1-bed apartments for over 50s
Allocated parking space for Each Apartment
Constructed in 2007 to a high Standard
Full sized Passenger lift
Communal Laundry space
Mains Electricity, Water and Sewage
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