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Commercial Property Details

 
£465,000
Newton Abbot
 
 
The property consists of an imposing grade II listed Victorian terraced building divided into five self-contained flats. It was the subject of complete renovation in 2009 and has been in the same family ownership since the late 1940's.

Each flat has electric heating (key meters), double glazing and living rooms with kitchen area. The landlord currently pays the water rates for the whole building which we are advised are £157.72 monthly. The flats are let out on Assured Shorthold Tenancies and a schedule of the current tenancies is listed below.

In addition, there is a commercial garage/workshop building also let out plus a second vacant residential garage.

The overall gross rental with all flats and the commercial garage let is in the order of £29,520 per annum and this could possibly be improved by rent increases and letting the vacant garage.

Courtenay Park is a public open green with fine Victorian buildings curving around the perimeter of the park. Newton Abbot is a bustling town with a good range of shops and amenities within level walking distance. The main-line railway station is located opposite Courtenay Park.

SCHEDULE OF LETS

Flat 1 - £495 pcm commenced July 2018
Flat 2 - £425 pcm - commenced October 2017
Flat 3 - £420 pcm - commenced March 2016
Flat 4 - £400 pcm - commenced February2017
Flat 5 - £420 pcm - commenced June 2015
The Garage (Oak Place) - £300 pcm - commenced July 2011

DIRECTIONS
The entrance to Courtenay Park is located opposite Newton Abbot Railway Station. Number 26 can be found after a short distance on the right.
Flat 2
Ground Floor
Flat 2 Living Room and Kitchen
15'3'' x 11'4'' Window to front aspect. Electric wall heater. Kitchen cupboards on rear and side wall. Sink unit, hot-plate and fridge. Plumbing for washing machine. Door at rear of room to
Flat 2 Bedroom
13' x 7'2'' Window to rear. Electric wall heater.
En-suite
Shower room with modern white suite
Flat 4
Ground Floor
Flat 4 Living Room and Kitchen
13'8'' x 11' Window to front aspect. Electric heater. Stainless steel sink with hot-plate and fridge.
Inner Lobby
Doors off to wet room and
Flat 4 Bedroom
7'9'' x 7'4'' Window to rear aspect. Electric wall heater.
Wet Room
with electric shower and white suite.
Flat 1
Second Floor
Flat 1 Living Room and Kitchen
19' x 10'3'' Window to front aspect. Electric heater. Kitchen units against rear wall. Electric oven and hob. Plumbing for washing machine.
Bedroom 1
12'6'' x 8'3'' Window to front aspect. Electric heater.
Bedroom 2
10'2'' x 6' Window to front. Electric heater.
Box room
8' x 6'2''
Shower Room
Flat 5
First Floor
Flat 5 Living Room and Kitchen
12'3'' x 11'5'' Window to the front. Electric heater. Stainless steel sink with hot plate and fridge.
Flat 5 Bedroom
10' x 8'3'' Window to rear. Electric heater. Fitted wardrobe.
Shower
Modern white suite.
Flat 3
First floor.
Flat 3 Living Room and Kitchen
14'5'' x 12'3'' Two windows to front aspect. Electric heater. Kitchen area with electric oven, hob, sink and cupboards.
Flat 3 Bedroom
12'5'' x 7'9'' including shower room. Window to rear aspect. Electric heating.
En-Suite Shower Room
Modern white suite.
Caretakers Room
First floor. 9' x 7'6'' Window to rear. Electric heater. En-suite shower room.
Cellar and Store Room
Outside
Paved front entrance area with storage space for bins.

Walled rear garden.

Garage 1 - Vacant 31' x 9'

Garage 2 - 31' x 21' Two inspection pits. Roller entry doors.

Map


Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.