Colwills ident

Property Features

Location:
Maer Down, Bude, Cornwall, EX23 8NG
Reception Rooms: 6
Bedrooms: 6
Bathrooms: 8
Parking: 1
Colwills ident

Contact Agent

Bude Office.
32 Queen Street
Bude
Cornwall
EX23 8BB

Sales: 01288 355828

Lettings: 01288 355829

bude@colwills.co.uk

Maer Down, Bude

Guide Price £950,000
  • Freehold opportunity for block of 6 flats
  • Prime coastal position with sea views
  • In need of modernisation and refurbishment
  • Great investment block, or redevelopment
  • Parking opposite for 6 vehicles


A rare opportunity to acquire a Freehold block of six self contained apartments in a coastal position situated only a few hundred yards from Crooklets beach and with sea views. Originally built as a motel the building was later converted into 6 x flats, which have been rented on Assured Shorthold Tenancies for some time and tenants are in situ with a gross annual rent of just under £35,000 PA.

The building could be refurbished and modernised to a superior standard, or be demolished and re-developed completely (subject to planning consent). The location and close proximity to the beach makes this prime for re-sale or holiday letting.

In addition to the building, there is also a small area of hardstanding on the opposite side of the road providing off road parking.

Property Details

FLAT ONE First floor flat that offers a lounge/dining room, separate kitchen, one bedroom and a bathroom. Rented out at £470 PCM. Lease commenced 10th December 2010.

FLAT TWO First floor flat that offers a lounge/dining room, separate kitchen, one bedroom and a wet room. Rented out at £470 PCM. Lease commenced 16th March 2019.

FLAT THREE First floor flat that offers a open plan kitchen/living/dining room, one bedroom with a dressing area and a bathroom. Rented out at £470 PCM. Lease commenced 28th September 2015.

FLAT FOUR A ground floor flat the offers a living room, kitchen/dining room, utility, bedroom with en suite and a separate bathroom. This could be sub-divided to create two self contained studio flats. Rented out at £540 PCM. Lease commenced 12th March 2020.

FLAT FIVE Ground floor flat that offers a lounge/dining room, separate kitchen, one bedroom with a en suite and a separate bathroom. Rented out at £470 PCM. Lease commenced 1st January 2020.

FLAT SIX Ground floor flat that offers a lounge/dining room, kitchen, one bedroom with a dressing area and a bathroom. Rented out at £470 PCM. Lease commenced 1st March 2017.

OUTSIDE Outside there is a paved courtyard seating area to the front with external steps that lead up to the first floor balcony. There is also an area for parking opposite. Please note there is no land to the rear.

AGENTS NOTE Please note the floorplan is for guidance only.

Floorplans

Location Map

Open In Google Maps
Colwills ident

Enquire / Book Viewing

  • Arrange a viewing
  • Arrange a valuation
  • Be sent further property details
  • Register for property updates

Contact Details

🍪 Cookie notice

We use cookies to ensure that we give you the best experience on our website. By continuing to use our site, you are confirming acceptance of these cookies.

Accept cookies