This remarkable investment opportunity presents a six-flat residential property, with current rents reserved of £38,976 per annum, being located in the charming coastal town of Teignmouth, known for its picturesque views and vibrant community.
Situated in a sought-after area, this three-storey detached Victorian villa offers an ideal investment for individuals seeking a steady rental income or for the more professional of landlords looking to expand their property portfolio.
FOR VIEWINGS PLEASE CONTACT OUR DAWLISH OFFICE.
PROPERTY: Interest is drawn to the fact that all 6 flats are held on their own land registry title so this highlights the graphic potential for the formal break-up and sale of the individual units in the future, subject to all necessary consents being obtainable.
TENANCY: PROPERTY TENANCY TYPE CURRENT RENTS RESERVED
Flat 1 Let on an Assured Short-hold Tenancy £455
Flat 2 Let on an Assured Short-hold Tenancy £577
Flat 3 Let on an Assured Short-hold Tenancy £603
Flat 4 Let on an Assured Short-hold Tenancy £603
Flat 5 Let on an Assured Short-hold Tenancy £650
Flat 6 Let on an Assured (protected) Tenancy £360
TOTAL RENTS RESERVED CURRENTLY £38,976
Lower ground floor: Access via Flat 1 and briefly comprises two unused rooms with hallway.
Ground floor: Reception hallway leading to flats: Flat 1: Kitchen, living room, two bedrooms, bathroom/WC. Flat 6: Studio style comprising kitchen/living/bedroom, shower room/WC. Flat 2: Kitchen, bathroom, living room, two bedrooms.
First floor: Landing with access to Flat 3: Kitchen/breakfast room, living room, large double bedroom, bathroom/WC. Flat 4: Kitchen, living room, two bedrooms and bathroom/WC.
Second floor: Flat 5: Hallway with storage area and stairs leading to: Living room, dining area, kitchen, three bedrooms, bathroom/WC.
Outside: Gardens to the front and rear and have been allocated to the flats as per the lease plans in the legal pack and documents section. Parking area providing off street for 5 spaces and separate lower driveway area.
Flat 1: c
Flat 2: e
Flat 3: d
Flat 4: c
Flat 5: d
Flat 6: e
Property Ref: HF21735_FAW003875
- TRADITIONAL ONLINE AUCTION
- DETACHED VICTORIAN VILLA
- 6 FLATS
- POPULAR COASTAL TOWN