Okehampton, EX20 1DY

A rare and exciting opportunity to acquire a period property made up of six individual, self-contained apartments, all with a slightly different configuration. All apartments have fitted kitchens, carpets throughout, modern bathrooms and are currently let on a six or twelve month shorthold tenancy agreements. Some tenants have been in situ for several years and all apartments will be sold with the tenants in situ.
The property was purchased as a derelict dental surgery and was fully renovated into six apartments in 2011. All flats have been very successfully let ever since with several long term tenants still in situ. Tenants currently pay their own council tax bands (A), water and electric charges. All apartments have dual meters with economy seven heating and water meters.
The two bedroom flats have one parking space each to the rear of the property and the one bedroom flats have access to parking on Station Road.

Apartment 1- (41.98 m2) A two bedroom apartment with its own access.

Apartment 2 -(29.7 m2) A one bedroom apartment accessed via a communal hallway.

Apartment 3- (46.73 m2) A two bedroom apartment with its own access.

Apartment 4 - (22.35 m2) A one bedroom apartment accessed via a communal hallway.

Apartment 5 - (51.09 m2) A two bedroom apartment accessed via a communal hallway.

Apartment 6 - (22.55 m2) A one bedroom apartment accessed via a communal hallway.

Please note the rent has not increased since 2012 and therefore we would anticipate there being scope for any perspective purchaser to increase.

The property has generated a profitable and consistent yield for the last nine years. The only reason for sale is due to retirement of the owners.

EPC's
Apartment 1 C-77
Apartment 2 C-77
Apartment 3 B -81
Apartment 4 B-81
Apartment 5 E-40

EPC's
Apartment 1 C-77
Apartment 2 C-77
Apartment 3 B -81
Apartment 4 B-81
Apartment 5 E-40