Bed icon  3  Bath icon  1

3 bed Terraced Under Offer
Longbrook Street, City Centre Investment Opportunity, Exeter
£350,000

  • Interesting Mixed Investment Opportunity
  • Prime City Centre location, close to University of Exeter.
  • Total annual income £25,241 - Healthy 7.2% return on investment.
  • EPC ratings TBC
Great investment potential providing an annual return of 7.2%. Property comprises a retail unit plus a three bedroom HMO mainsonette above. Prime City Centre location, close to University of Exeter, generating a total income £25,241. Energy Performance Certificates applied for.

THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING.

A SELF CONTAINED COMMERICAL SHOP UNIT

Comprising of a good sized open planned floor space, with extra added unit space at the rear of the property, offering a generous sized storage space, separate staff kitchen and W/C, with a sky light to roof.

MAISONETTE

Stairs rise from entrance hallway to a split-level landing with under stair store cupboard housing electric meter and fuse board. Airing cupboard with water tank and slatted shelving. Door into utility cupboard housing washing machine and tumble dryer with opaque glazed window to side from landing doors lead off to: -

SHOWER ROOM 2.0m x 2.3m

White suite comprising shower cubicle with bi-fold door and electric shower. Low Level w/c. Wash hand basin set into vanity cupboard. Wall mounted electric heater. Part tiled walls. Vinyl flooring. Upvc opaque double-glazed window to side elevation.

LOUNGE / DINNER 3.6m x 4.1m

Upvc double glazed window to front overlooking Longbrook Street. Original covered ceiling, picture rails. Electric wall mounted heater. Tiled carpet. Glazed door into.

KITCHEN 3.9m x 2.6m (at widest part)

Upvc double glazed window to rear with inset extractor fan. Picture rail. Range of floor and wall mounted kitchen units. Wood effect worktops with sink stainless steel sink unit. Part tiled walls electric wall mounted heater. Vinyl flooring. From landing stairs rise to a half landing with part glazed door into.

CLOAK ROOM

Single glazed window to rear. White w/c and corner hand basin. Wall mounted heater. Vinyl flooring. Steps lead up to second landing with night storage heater and doors leading off to:

BEDROOM 1 4.0m x 1.8m

Upvc double glazed window to front. Wall mounted electric heater. Fitted Carpet.

BEDROOM 2 4.3m x 2.3m (at Widest Part)

Upvc double glazed window to front. Wall mounted electric heater. Feature arch to wall. Fitted carpet.

BEDROOM 3 3.2m (Widest part) x 2.2m

Upvc Double Glazed window to rear. Wall mounted electric heater and fitted carpet.

AGENTS NOTES :

GROUND FLOOR SELF CONTAINED COMMERICAL SHOP UNIT

Annual rent £9500 on full internal repair + insuring lease. Lease to 2028 – Rent review 2019.

MAISONETTE – STUDENT ACCOMMODATION

2017/18 - £13,596 – 11 Month Fixed Term Rental.

2018/19 - £15,741 – 11 Month Fixed Term Rental. 

Total income 2018/19 - £25,241. Provides a healthy 7.2% return on investment.

Agents Notes;

Council Tax:    Exeter City Council Band - A-Maisonette     

                          Shop Unit – Rateable Value £10,500 – Payable £5040 Per Annual.

For further information regarding this property please contact

Paula Waltham or Julian Cole

who have personally inspected this property

agent

For further details on this property please call us on:
01392 433866

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