6 x 4 bed HMO houses (licenced for 5 individuals each)
Allocated off-street parking for 6 cars, private gardens at the rear and bike storage
Fully Let with an income of over £167,000
Potential development plot at the end of the terrace
Situated within walking distance of local amenities and the two major hospitals in Exeter
The property is located just over a mile from the city centre an 0.2 of a mile from Heavitree High Street where there is an excellent selection of local shops, pubs, takeaways, restaurants and general stores. The RD&E Hospital (8,000 staff), Nuffield Hospital, Peninsular Medical Centre and the University of Exeter St Lukes campus are all close by.
The Cathedral City of Exeter is one of the most vibrant and attractive cities in Southern England. With a population of almost 120,000, expanding Top 10 University and growing Business and Science Parks, the City lies on the beautiful River Exe. The city is within half an hour's drive of the coast and moors and is the region's major administrative, commercial and retail centre with major employers including the County Council, County Police, EDF, Met Office, Highways Agency and the University.
The city offers a selection of theatres, cinemas, museum, football, rugby and leisure centres. The historic Quayside provides some lovely riverside walks with it's restaurants, pubs and coffee shops.
Exeter has a direct rail link to London Paddington and Waterloo as well as an International Airport which is about five miles away.
High specification HMO arranged over three floors. The property comprises 6 houses each with 4 double bedrooms (2 with en suites), a bathroom, WC and an open plan kitchen / dining room. A low maintenance garden is at the rear of the property.
We have been informed that the area at the end of the terrace can be developed into a similar style house subject to the necessary consents.
The communal area in from the the property is included with the sale. A payment is given by the neighbouring 4 properties to maintain this space on a pro-rata basis.