A Freehold Investment property comprising 4 Leasehold Flats and 1 Office/Store currently yielding £2740 PA Gross. The Freehold comprises 4 flats leased on 120 Year Leases from 1986 and the Office/Store let on an Annual Licence
The Ground Rents for the Flats are £50 for the First 40 Years, £100 for the next 40 years and £150 for the last 40 Years. The Current rent for the Office/Store is £195 PCM Gross.
Directions to find: from Bideford Quay proceed up High Street turning left into Grenville Street. Pass the Pannier Market on your right and turn up Honestone Street. No 3 will be seen on the left.
The tenants are responsible for the maintenance of the Building with the exception of the Office/Store. There is an enclosed courtyard to the rear providing a drying area for the tenants.
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Notice Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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