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Torrington, EX38 8BT

Terrace House 6 Bedroom
EPC Rating: EPC
Price £275,000

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, Torrington EX38 8BT

 
Points Of Interest
Key Features
  • SUITS A MULTITUDE OF USES
  • GREAT INVESTMENT OPPORTUNITY
  • 3 X 2 BEDROOM UNITS
  • ALL UNITS CURRENTLY TENANTED
  • CURRENT RENT ROLL £18,000.00 PER ANNUM
  • YIELD OF 6% TO 7%
  • ALL UNITS HAVE AN EPC RATING OF C - FUTURE PROOF FOR TIGHTENING MEES REGULATIONS
  • CONVENIENT TOWN CENTRE LOCATION CLOSE TO ALL AMENITIES
  • EACH UNIT HAS ITS OWN DEDICATED OUTSIDE SPACE
  • COULD BE CONVERTED BACK TO A 6-BED FAMILY HOME SUBJECT TO THE NECESSARY CONSENTS
Property Description

Additional Information

Fantastic opportunity that would suit multitude of uses.

For those seeking an ideal buy to let investment opportunity, the property comprising three 2 bedroom letting units, all with existing tenants producing a current yield of between 6 and 7%. Each unit has an area of outside space and the property enjoys a convenient position within this popular town.

Alternatively, one unit could serve as a home whilst renting the others out to generate a monthly income.

For those seeking a family home with annexe for an elderly or teenage relative, the property can be converted back to one home subject to the necessary consents. Or the annexe could be used to generate a useful rental income whilst living in the main home. EPC=C

Disclaimer - Under the terms of the Estate Agents Act 1979 (section 21) please note that the vendor of this property is an employee of Bond Oxborough Phillips.

Directions

On foot from our office on Well Street, turn right into Fore Street and then when you reach Lloyds Chemist in the far right corner, turn right and proceed on through the church yard bearing left. Upon reaching New Street, continue left until you see 85a on the left hand side.

Particulars (PDF 999.5KB)

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