Terraced house for sale in Trebarwith Crescent, Newquay TR7

Fully compliant and well established managed block of 5 self contained apartments in newquay town fully let with an annual gross income of £31,320.

This well established and well maintained investment property lies in Newquay Town Centre and offers an opportunity to purchase a fully compliant and fully let investment property for an Annual return. The property is currently fully managed by Start & Co and this service can continue if required (fee of 8% plus VAT), or can be passed over for self-management with all the supporting documentation etc. Current and passing lease schedule as follows:

Flat 1

Ground floor 2 bedroom apartment with gas central heating, small decked area and parking. Let from 15/06/2022 on a 12 month AST at £695.00 pcm. £675.00 deposit. EPC rating - C

Flat 2

First floor studio apartment with electric heating. Let from 17/04/2014 on a statutory periodic tenancy (rolling) at £400.00 pcm. £400.00 deposit. EPC rating - D

Flat 3

First floor one bedroom apartment with gas central heating. Let from 01/03/2023 on a 12 month AST at £595.00 pcm. £595.00 deposit. EPC rating C

Flat 4

Second floor studio apartment with electric heating. Let from 01/03/2019 on a statutory periodic tenancy (rolling) at £425.00 pcm. £425.00 deposit. EPC rating D.

Flat 5

Second floor studio apartment with electric heating. Let from 08/04/2023 on a 12 month AST at £495.00 pcm. £495.00 deposit. EPC rating C.

Store

There is a lockable store room for landlord amenity use.

Images

The marketing photos are a selection of recent stock images of some of the apartments taken when the properties were empty and available for let. These images are intended to give a reasonably accurate overview of the style and condition of the apartments, but please note all of the apartments are fully let and occupied.

Notes

All apartments have satisfactory eicr reports, gas safety certificates (where required), planning approval (PA10/07774), deposit scheme registration, communal inspected fire alarm, satisfactory EPC’s, tenancy agreements and verified tenants. There are no rent arrears.

Tenure

Freehold

Services

All mains. All individually metered with additional landlord electricity supply for communal areas.

Council Tax

Each flat is Band A, council tax paid by tenants individually.