Bed icon  7  Bath icon  5

7 bed Investment - For Sale
Robartes Court, Radnor Place, Exeter
£895,000

  • This is an excellent investment opportunity of five self-contained flats and six parking spaces.
  • Four flats and three parking spaces are currently let on six month assured shorthold tenancy agreements with an annual income of £42,720.
  • Flat one is a luxurious ground floor apartment with a rental potential of £1,100 per calendar month. (£13,200 p.a.).
  • Situated in the heart of popular St Leonards, handy for local shops and access to Exeter City centre less than half a mile away.

This is an excellent investment opportunity of five self-contained flats and six parking spaces.

Four flats and three parking spaces are currently let on six month assured shorthold tenancy agreements with an annual income of £42,720.

Flat one is a luxurious ground floor apartment with a rental potential of £1,100 per calendar month. (£13,200 p.a.).

Situated in the heart of popular St Leonards, handy for local shops and access to Exeter City centre less than half a mile away.

Description

This is an excellent investment opportunity to acquire five self-contained flats and six parking spaces of which four flats and three parking spaces are currently let on six month assured shorthold tenancy agreements providing a combined rental income of £42,720 per annum. Flat one is a more luxurious ground floor apartment, former home to the late owner with gas central heating and a rental potential of £1,100 per month or £13,200 per annum. The property is situated in a highly desirable residential area, handy for local shops, and less then half a mile from Exeter City Centre.

THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING

Flat One

Ground Floor: Entrance door to

Kitchen: 3.28m (10'9") x 3.02m (9'11") plus door recess.

Solid wood work surfaces with a Belfast sink, hot and cold mixer tap, four ring ceramic hob inset, cupboards, drawers, built in washing machine below, tiled splash backs, wall mounted cupboard units, cooker hood, built in electric oven with cupboards above and below, built in fridge/freezer.

Living Room: 5.74m (18'10") x 3.91m (12'10") into arch recess.

Two radiators, wood burning effect gas fire set on a tiled hearth under a wooden mantel piece, built in cupboard in arched alcove with shelving, solid wood flooring, wall light fittings, double doors to

Study/Bedroom Two: 3.89m (12'9") x 3.25m (10'8")

Radiator, wall light fittings, French door leading on to enclosed communal gardens.

Inner Hallway: Access to roof space.

Bedroom One: 3.63m (11'11") x 2.72m (8'11")

Radiator, wall light fittings, exposed wooden ceiling beams, upvc double glazed window to the rear.

Bathroom: 2.51m (8'3") x 2.01m (6'7")

Wall mounted heated towel rail, free standing bathtub with hot and cold mixer tap, close coupled w/c, built in storage cupboard, wash hand basin with hot and cold mixer tap, a drawer and shelving below, separate shower tray with wall mounted mains mixer shower and screen door, wall mounted medical cabinet, extractor fan and double glazed Velux window.

Flat Two

Ground Floor: Entrance door to

Hallway: Built in cupboard and shelving, laminate flooring.

Living Room: 4.72m (15'6") x 3.68m (12'1")

Night storage heater, ornate fireplace with a tiled hearth, laminate flooring, French door opening onto enclosed communal gardens.

Kitchen: 3.78m (12'5") x 1.93m (6'4")

Stainless steel single drainer sink unit with hot and cold mixer tap and four ring ceramic hob set in work surfaces with cupboards, drawers, appliance space below, plumbing for washing machine, built in electric oven, tiled splash backs, wall mounted cupboard units, cooker hood, laminate flooring, built in cupboard housing hot water cylinder with electric immersion heater.

Bedroom One: 3.58m (11'9") x 3.20m (10'6")

Night storage heater, French doors leading on to a brick and enclosed patio.

Bedroom Two: 3.00m (9'10") x 2.77m (9'1") into to an arched recess.

Access to a small roof space, aspect onto Radnor Place.

Bathroom: 1.96m (6'5") x 1.68m (5'6") into arched recess.

Wall mounted electric fan heater, panel bath with wall mounted electric shower and screen, pedestal wash basin, part tiled surround, close coupled w/c, extractor fan.

Flat Three

Ground Floor: Entrance door.

Hallway: Built in cupboard housing hot water cylinder with electric immersion heater.

Living Room: 4.04m (13'3") x 3.99m (13'1")

Nigh storage heater, exposed wooden ceiling beams, French doors to communal gardens.

Kitchen: 2.54m (8'4") x 2.31m (7'7")

Stainless steel single drainer sink unit and four ring electric hob set in L’shaped work surfaces, cupboards, appliance spaces below, plumbing for washing machine, built in electric oven, tiled splash backs, wall mounted cupboard units, cooker hood.

Bedroom: 4.04m (13'3") x 2.90m (9'6")

Night storage heater, exposed wooden ceiling beams, aspect over private garden.

Bathroom: 2.34m (7'8") x 1.85m (6'1") into door recess.

Panel bath with wall mounted electric shower, close coupled w/c, pedestal wash basin, tiled splash backs, wall mounted medical cabinet, extractor fan.

Garden: Private enclosed laned garden.

Flat Four

First Floor: Communal entrance lobby, storage cupboard.

Private Entrance Door to

Hallway: Built in cupboard housing hot water cylinder with electric immersion heater, appliance space and plumbing for washing machine, access to roof space, stairs rising to second floor.

Kitchen/Diner: 3.84m (12'7") x 2.84m (9'4")

Night storage heater, stainless steel single drainer sink unit with hot and cold mixer tap and four ring electric hob set in work surfaces with cupboards, drawers, built in electric 

oven below, tiled splash backs, wall mounted cupboard units, cooker hood, exposed wooden ceiling beams.

Bathroom: 1.75m (5'9") x 1.70m (5'7")

Night storage heater, panel bath with wall mounted electric shower and screen, part tiled surround, close cou0pled w/c, pedestal wash basin with tiled splash backs, wall mounted electric fan heater, extractor fan.

Second Floor Landing:

Living Room: 4.19m (13'9") x 4.09m (13'5") sloping ceilings.

Night storage heater, sunken ceiling lights, built in cupboards under eaves, access to roof space.

Bedroom: 3.91m (12'10") x 2.41m (7'11")

Night storage heater, built in wardrobe, access to roof space, aspect over communal gardens.

Flat Five

First Floor: Private entrance door to

Hallway: Built in cupboard housing a factory lagged cylinder with electric immersion heater, appliance space and plumbing for washing machine.

Open Plan Living Room/Kitchen: 3.96m (13'0") x 5.36m (17'7") Maximum.

Night storage heater, stainless steel single drainer sink unit and four ring ceramic hob set in work surfaces with cupboards, drawers and appliance space below, built in electric oven, tiled splash backs, wall mounted cupboard units, cooker hood, part laminate flooring, extractor fan.

Bedroom: 3.17m (10'5") x 2.77m (9'1")

Night storage heater, covered fireplace with wood surround and mantel piece, aspect over communal gardens.

Bathroom: 2.01m (6'7") x 1.68m (5'6")

Wall mounted electric fan heater, pedestal wash basin with tiled splash backs, close coupled w/c, panel bath with wall mounted electric shower, part tiled surround, extractor fan.

Outside

Enclosed communal gardens to the rear with further lawned and flowerbed gardens to the front.

Parking

Six allocated parking spaces of which three are let on separate tenancy agreements, one is included within the rent of Flat 3 and two are currently spare.

Agents Notes:

Council Tax Bandings: Exeter City Council

Flat 1 – B

Flat 2 – B

Flat 3 – A

Flat 4 – A

Flat 5 - A

EPC Ratings

Flat 1 – D (64)

Flat 2 – D (55)

Flat 3 – E (49)

Flat 4 – E (42)

Flat 5 – E (45)

For further information regarding this property please contact Andy Wilkinson who has personally inspected this property.

VIEWING BY APPOINTMENT WITH CARDENS RESIDENTIAL SUBJECT TO A MINIMUM Of 24 HOURS NOTICE REQUIRED.

agent

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

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