Accommodation Summary

Attractive and substantial detached Period building
City centre location
Home and income / investment opportunity
Six high quality apartments
Development land with Planning Permission for 7 luxury apartments with lift
Garage for three cars
21 parking spaces in total

Directions

From the City centre drive into Magdalen Road and then just before the shops turn left into Denmark Road and take the first left into Barnfield Road. You will then find the property at the end of the road on the left hand side.

Situation

28 Barnfield Road is located in a sought after residential area within walking distance of the City centre and the St Leonards "village" shops in nearby Magdalen Road. Exeter provides a number of excellent private and state schools at all levels together with a red brick University and expanding college. The City affords very good sports and leisure facilities being situated on the river and offering a selection of theatres, cinemas, museum, cathedral, football, Premiership rugby and leisure centres. Rail links to London Paddington about two hours. Exeter Airport is about five miles away providing regular air services to the UK and International destinations.

Description

COMPRISING:

Attractive detached Period building in SIX HIGH QUALITY APARTMENTS incorporating:

Fabulous 136 sq m 'OWNERS' TWO BEDROOM GARDEN FLAT with parking for 3 cars
Two large one bedroom apartments and two large two bedroom apartments
Plus 85 sq m THREE BEDROOM 'PENTHOUSE' APARTMENT
Each with PRIVATE PARKING
Currently gross rental income: £51,420 p.a. (Not including 'owners' garden flat)
Estimated potential total gross rental income c. £75,000 p.a.
FORMERLY OFFICES with potential for mixed-use (subject to necessary consents)

Adjoining development site with Planning Consent for SEVEN LUXURY APARTMENTS

Comprising 6 x c.80 sq m 2 BEDROOM apartments - each with private balconies
Plus fabulous c.110 sq m 3 BEDROOM PENTHOUSE APARTMENT with LARGE ROOF TOP TERRACE
Lift and 10 PARKING SPACES

Separate triple garage - 21 SPACES IN TOTAL

Existing property:	.
'Owners Garden Apartment'	The lower ground floor comprises a spacious two bedroom garden apartment, accessed either through the main entrance or via its own entrance from the garden at the rear of the property. This apartment features a generously-sized dining room (potential home office or third bedroom), living room (with double doors onto the rear private garden area) and a modern kitchen. The master bedroom has an en suite bathroom and adjoining dressing room. The second bedroom is a good size double and there is also a family shower room.
Ground Floor	The ground floor provides a one bedroom and a two bedroom apartment. The latter having a spacious, open-plan kitchen / dining / living area with beautiful bay windows at the rear of the property, together with a master bedroom (with en suite shower room) and a second double bedroom is situated at the front adjoining a well presented family bathroom. The one bedroom apartment provides a large open plan kitchen / dining / living area with a double bedroom (with en suite) at the front of the building.
First Floor	The layout of the first floor is almost identical to the ground floor and consists of a similar two bedroom apartment and a similar one bedroom apartment.
Second Floor	The second floor provides a spacious three bedroom apartment, with its own private staircase from the first floor. The apartment provides a spacious, open plan living / dining area which adjoins the kitchen. The master bedroom has a beautiful original fireplace and is situated at the rear of the property adjacent to the second double bedroom. The third bedroom, which could also be used as a study, is situated at the front of the property adjacent to the spacious family bathroom. This apartment affords far reaching views across Exeter in both a northerly and southerly direction.
Access and Communal Areas	The main entrance accesses an impressive communal entrance hall which, in turn, provides hall or stairway access to all apartments. The rear of the property is also accessed from Barnfield Road via a driveway which is shared with the adjoining properties and leads to the rear garden. The front of the property provides car parking with space for a minimum of four cars. The 'owners garden apartment' on the lower ground floor can also be accessed from the rear of the property through the garden area.
Development Land	The land to the rear of 28 Barnfield Road has the benefit of Planning Permission (19/0127/FUL) for a "residential development comprising 7 apartments, associated access improvements, landscaping (including the removal of a tree) and parking". The site is currently used as a garden / lawn and parking for the lower ground floor flat and the north and west boundaries adjoin Devon County Council Highways land. The west of the site is surrounded by a high level retaining garden wall. The land adjoining the wall grades upwards steeply towards Western Way and this side of the site is screened by tree cover along the road.
Additional information	Planning Obligations and CIL: We understand the developer will be liable to pay £89,606.73 of CIL payments. It is our understanding that no further Planning obligations are required. All the necessary Planning documents are available on the Council's website and available in a Technical Pack on request.