Property for sale in Marlpit Lane, Seaton EX12

A rare investment opportunity to acquire five apartments including the freehold with parking, large south facing garden and views.

Wessiters Cottages offers a unique investment prospect for potential purchasers in the well regarded seaside town of Seaton. This semi detached property is believed to date from the 1920’s with a later three storey extension added to provide five spacious apartments over three floors. In addition to the accommodation is a private parking area, lawned gardens and views over Cliff Field Gardens and the coastline. Each property includes a gas fired central heating system as well as double glazed windows. All flats are accessed from the communal entrance hall and staircase. The property as a whole offers great potential for anyone looking to expand on the current holiday let arrangement or for investors looking for a multiple dwelling investment and the prospect of long term tenancy agreements.

Flat 1

Two bedroom ground floor flat with conservatory and direct access onto the garden. Fitted kitchen and shower room. This apartment would benefit from updating.

Flat 2

Recently refurbished two bedroom ground floor apartment. Modern fitted kitchen and shower room. Direct access out to the garden. This flat is currently being let as a holiday accommodation via Air BnB.

Flat 3

First floor two double bedroom flat with kitchen, sitting room with bay window, kitchen, and shower room. Currently rented on an assured shorthold tenancy.

Flat 4

Two bedroom first floor apartment with shower room, kitchen and sitting room. Recently upgraded and available as a holiday let on Air BnB.

Flat 5

One bedroom second floor apartment in need of updating. Potential to create more accommodation within the adjoining attic room, subject to obtaining planning.

Outside

From Marlpitt Lane there is a tarmacadam driveway and parking area providing a single space for each property. Side access leads round to a large lawned south facing garden with established boundaries.

Situation

The property is a few minutes’ walk from Seaton town and the nearby seafront. Seaton is a popular coastal resort on the Jurassic Coast, with its tourist tramway and mile-long pebbled beach. The town itself has many small shops, a local hospital, doctors' surgeries, primary school, banks and building societies as well as two large supermarkets. A popular resort for holiday makers, and boasts a wealth of activities including golf, tennis, bowls, and sailing. There are good secondary schools nearby along with the renowned Colyton Grammar School, which is just 3 miles inland. The county town of Exeter, with its regional airport, is some 20 miles to the west, and the mainline rail link to London (Waterloo) is at Axminster, approximately 5 miles in distance.

Services

All mains services connected.
Council tax bands: Flat's 1-4 A. Flat 5 - Deleted

Agents Note

Further details are available on the rental agreement for flat 3. Our clients currently charge £120 per night for the holiday let units.