Colwills ident

Property Features

Location:
Market Street, Stratton, Bude, Cornwall, EX23 9DF
Reception Rooms: 5
Bedrooms: 5
Bathrooms: 5
Parking: 0
Colwills ident

Contact Agent

Bude Office.
32 Queen Street
Bude
Cornwall
EX23 8BB

Sales: 01288 355828

Lettings: 01288 355829

bude@colwills.co.uk

Market Street, Stratton

£399,950
  • INVESTMENT OPPORTUNITY
  • Five rental units in total
  • Mixed commercial and residential
  • Rental income in excess of £27,000 PA
  • Prime Stratton location


INVESTMENT OPPORTUNITY: An exciting investment opportunity to acquire the freehold interest in this large attached building that is currently tenanted and generating an income in excess of £27,000 PA over 5 self contained units with a gross return approaching a 6.5%.

Property Details

SUMMARY OF ACCOMMODATION The freehold property is split into four flats a ground floor flat, a split level flat and two first floor flats. A commercial unit which is trading as a successful hairdressers (business not included).

Accommodation summary is as follows;

COMMERCIAL UNIT Glazed frontage over looking Stratton. Retail area with small kitchen/ store and WC. Rent £4560 per annum

FLAT 1 A first floor flat which comprises of a entrance porch and stairwell, open plan lounge/kitchen, two bedrooms and bathroom. Rent £6300 per annum

FLAT 2 A ground floor flat which comprises of a entrance porch, open plan lounge/kitchen, a double bedroom and bathroom. Rent £5700 per annum

FLAT 3 A first floor flat which comprises of a entrance hall with open plan living room and kitchen, spacious double bedroom and bathroom. Rent £5580 per annum

FLAT 4 A split level property which comprises of a entrance hall, open plan lounge/kitchen with access to a small courtyard, a double bedroom and bathroom. Rent £5100 per annum

SERVICES Mains electric water and drainage

TENURE/TENANCIES The freehold is being sold and the purchaser will take on the existing tenants and rental income. This building is not offered with vacant possession hence we as the selling agents are saying it's suitable for investors only.

Floorplans

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Colwills ident

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