- INVESTMENT PROPERTY +
- GENERATING £43,440 PA +
- 6 SELF CONTAINED FLATS +
- TO BE SOLD FULLY TENANTED +
- CENTRAL PENRYN +
INVESTMENT PROPERTY Comprising 6 self-contained studio flats which currently bring in an income of £3620 pcm / £43,440 pa.
Currently producing a healthy yield with the potential to increase. TO BE SOLD AS A GOING CONCERN, FULLY TENANTED.
Located on Market Street, in the heart of Penryn, an imposing three storey, terraced property, divided into 6 self contained studio flats. The property is fully tenanted and will be sold as a going concern to an investor.
This spacious, three storey property is conveniently located on Higher Market Street, with shops, bus stops and other local amenities nearby.
Flat E is accessed from the front of the building on Higher Market Street and has its own front door. The other flats share a communal entrance to the rear of the building.
Access to the rear of the property is via the council carpark on Saracen Place .
INCOME
Current rental income: £3620 pcm / £43,440 pa.
Clear potential to achieve a higher income in the future with building refurbishment.
Utilities are paid for separately be each flat, except for water which is paid for by the landlord.
KEY FEATURES
Freehold.
Each flat has a Council Tax Band A.
Electric Heating, hot water and showers in each flat.
Communal laundry room with washing machine and tumble dryer.
Communal area outside for bins, recycling and a washing line.
Communal hallway with space for bikes
Grade II Listed.
2 Allocated Parking Spaces
Motorbike or Dinghy Storage Space.
EPCs:
Flat A : E / Flat B : E / Flat C : E / Flat D : E / Flat E : D / Flat F : E
LOCATION
With a thriving high street just steps away, you'll find plenty of amenities, including delightful cafes, yoga and meditation studios and local independent boutiques. Bus and rail links are easily at your disposal with Penryn Railway Station just 0.5 miles away.
Penryn is a 'stone's throw' from the larger town of Falmouth which has a vibrant cultural scene with Falmouth School of Art and Exeter and Falmouth Universities having campuses dotted around the area as well. Penryn Campus is a 15 minute walk. The local beaches of Swanpool and Gyllyngvase are a short drive or cycle ride away, along with a choice of coastal and countryside walks.
ANTI MONEY LAUNDERING REGULATIONS - PURCHASER
We are required by law to ask all purchasers for verified ID prior to agreeing a sale.
PROOF OF FUNDS - PURCHASERS
Prior to agreeing a sale, we will require proof of financial ability to purchase which will include an agreement in principle for a mortgage and/or proof of cash funds.