5 bed house for sale in Cowick Street, St Thomas, Exeter, EX4 (ref: 102801001025)

An ideal purchase for an investor looking to acquire a portfolio of five apartments that is currently achieving income with the immense prospect of uplifting the current revenue.

A Period Apartment conversion set over three floors incorporating five apartments. On the ground floor there are two one bedroom apartments, the first floor there is a one bedroom apartment and a studio apartment, the final one bedroom apartment is located on the second floor. This building is located next to the historic Council Offices and the old Fire Station within St Thomas.

Currently fully let and managed on AST's (March 2022).

SITUATION The property lies just a stones throw from local amenities to include a fantastic range of shopping facilities from Pharmacies to food stores and banks. There is the St Thomas pleasure ground very close by, the High street of the Cathedral City of Exeter is less than a mile away, for larger shopping facilities.

DIRECTIONS For further information please contact Brett Hampton within our office who has a wealth of experience within the Investment property marketplace and the High End residential marketplace respectively.

AGENTS NOTES This versatile apartment building is fully let at the present (March 2022) and achieving the below income per apartment, most tenants within the building have been renting for more than a year. In our opinion there is a growing potential to uplift the current rents which would increase the yearly income.

We have informed that there is a gross rent per month of £2510.00 from the building, all tenants are responsible for the bills apart from communal lighting etc.

DISCLAIMER *Please note the internal pictures are historic pictures of the apartments before current tenants have moved into the premises, therefore be mindful the internal condition will be different. These pictures should be used as a guide only and internal viewings are highly recommended before entering into negotiations.