Guide Price £145,000Request a viewing
5.4% gross yield
Close to RD&E
From the city centre proceed up Heavitree Road passing Waitrose on your left and Baring Crescent on your right. Baring flats can be found on the right hand side, almost directly opposite the turning to Grendon Road on the left.
Baring flats are superbly positioned in this sought after location within the thriving Cathedral city of Exeter with its multitude of facilities including a range of shops, restaurants and cafes and accessible to Exeter University and Exeter Central and Exeter St David's mainline train stations. The RD&E and St Lukes Campus are within walking distance and local amenities and the city centre are easily accessible.
A bright second floor one double bedroom apartment with modern kitchen and bathroom and allocated parking within this small purpose built development.
6 Baring Flats offers an exciting investment opportunity in this sought after city location. The accommodation has been tastefully updated in recent times and the finish throughout is bright and modern. An entrance hallway gives access to the kitchen, sitting room, bathroom and bedroom.
This is a fantastic investment opportunity with a potential gross yield of 5.4% and would suit buy to let investment buyers and professionals alike. The accommodation is exceedingly well kept and is offered with vacant possession if required and no onward chain.
|.|| Front door opens into hallway -|
|HALLWAY|| Built in cupboards and radiator. Doors to -|
|KITCHEN||7'6" x 7'3" (2.29m x 2.2m). Fitted kitchen with a range of floor and wall mounted cupboards and drawer units. Built-in oven and four ring gas with extractor over. Sink with drainer and mixer tap over. Space for washing machine and fridge / freezer. Wall mounted boiler. Double glazed window to front aspect.|
|SITTING ROOM||18'8" x 10'8" (5.7m x 3.25m). Good size, light sitting room with wonderful views. Radiator and fireplace. Double glazed window to rear aspect.|
|MASTER BEDROOM||10'9" x 8'4" (3.28m x 2.54m). Double bedroom, radiator and two double glazed windows to front aspect.|
|BATHROOM|| Bath with shower over, low level WC and wash hand basin. Heated towel rail.|
|OUTSIDE|| This apartment benefits from one allocated parking space.|
|AGENTS NOTE:|| The vendor advises that the property has the benefit of a 999 year Lease from 25 November 1963. The ground rent is £15 p.a.; the current service/maintenance 2018/19 charge Is £30 pcm and the current 2018/2019 annual building insurance contribution is £80.50. There is a right to park one vehicle – please ask for further information.|
|LETTINGS NOTE:|| The property is currently tenanted and the owner would be required to give the tenants two months' notice to vacate, from their rent due date, should the buyer require vacant possession. Wilkinson Grant Lettings Department would consider the rental value of this property to be in the region of £650 per calendar month which should give you a potential gross yield of approximately 5.4%. For further information on this or any property letting or management matters, please contact a member of our Lettings Department on 01392 455920 and they will be only too happy to assist with your enquiry.|
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