Block of flats for sale in Hills View, Barnstaple EX32

Location

In a most convenient location at Hillsview, a residential area of the town within a short 10 minute walk of the Barnstaple High Street. This property is located at the top of Hillsview in a cul-de-sac overlooking the green to the front and nearby neighbours. The rear of the property can also be accessed off the top of Ashleigh Road.

The property

A substantial Victorian semi-detached property tastefully modernised and arranged as 6 self-contained apartments all with fitted kitchens, gas fired radiator central heating and double glazing. The property also has valuable on site private parking for 7 vehicles.

The business

Operated as a residential investment with each apartment let out on a shorthold residential tenancy agreements at rents ranging from £545 up to £650 per calendar month but with scope for rent reviews on some.
Schedule of rents and accounts will be made available to interested parties who have inspected the property and expressed interest, subject to vendor approval. Current turnover in the region of £35,000 with scope to increase.

The proposal

Webbers Commercial have been instructed as sole selling agents to offer the property as a going concern and residential investment.
Alternatively there is scope to sell the apartments off individually subject to any planning and building regulations that may be required.

Agents note

All viewing strictly by appointment with the agents.