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Mount Wise, Newquay £299,950

Sold STC
5    5    5
  • Superb investment opportunity
  • Block of 5 flats
  • 3 x 1 bed & 2 x bedsit
  • Circa £26,400 annual income
  • Parking to rear
  • Planning permission for 6th flat
  • Sea views from rear
  • Currently fully let
  • No ongoing chain
  • All Mains Services

Superb investment opportunity consisting of a block of apartments with three one bedroom flats and two bedsits, currently fully let with an annual income of £26,400. On the ground floor there is the largest of the flats which also benefits from having courtyard access and rear parking. In total there four parking spaces. Within this flat there is a front aspect living room with bay window, middle double bedroom, large rear kitchen/diner, small outer hallway with utility area and rear large shower suite. On the first floor there is a rear aspect bedsit with a hallway, shower room and bedsit living kitchen area which enjoys sea views. Also on this first floor there is a front aspect one bedroom flat consisting of kitchen, living room, bedroom with en-suite shower room. On the second floor there are two further flats consisting of a rear bedsit with stunning sea views, extending right down the north cornish coastline which consists of a bedsit living/dining area, kitchen and en-suite. The final flat has a hall, bedroom en-suite, lounge and kitchen. Throughout the property there is uPVC double glazing and gas fired central heating, the building is currently fully let for the following rents. Flat 1 - £535, Flat 2 - £475, Flat 3 £350, Flat 4 - £445, Flat 5 - £395. Representing £2,200 pcm or £26,400 per annum. Well suited to professional landlords with many upgrades and safety features, already instigated and installed by the current vendors. On the doorstep of town, likely to always be of interest to the rental market. Finally the vendor has sought active planning permission for the erection of a sixth ground floor flat, which would demolish the old outbuilding/garage and reduce the parking space slightly but also at the same time creating a further income stream of a sixth flat. VIEWING OF THE ENTIRE DEVELOPMENT RECOMMENDED, NO ONGOING CHAIN.


Mount Wise
Newquay TR7 1QP
County: Cornwall
Sale Type: Sold STC
Ref #: CNN6140

All measurements are approximate

Ground Floor Flat One

Living/Bedsitting Room

(divided by multi pane glass door)

Living Area

15' 0'' x 12' 0'' (4.57m x 3.65m) into bay

Sleeping Area

10' 7'' x 9' 5'' (3.22m x 2.87m)

Kitchen/Diner

19' 7'' x 9' 1'' (5.96m x 2.77m)

Utility Area

22' 10'' x 3' 8'' (6.95m x 1.12m)

Shower Room One

8' 5'' x 6' 1'' (2.56m x 1.85m)

First Floor Flat Two (bedsit)

Kitchen/Living/Bedroom

10' 11'' x 10' 1'' (3.32m x 3.07m)

Shower Room Two

6' 6'' x 6' 0'' (1.98m x 1.83m)

First Floor Flat Three

Kitchen

8' 9'' x 5' 8'' (2.66m x 1.73m)

Lounge

14' 10'' x 9' 9'' (4.52m x 2.97m) into bay

Shower Room Three

6' 9'' x 2' 5'' (2.06m x 0.74m)

Second Floor Flat Four (bedsit)

Bedsitting Room

12' 3'' x 7' 7'' (3.73m x 2.31m)

Kitchen Four

7' 11'' x 6' 6'' (2.41m x 1.98m)

Shower Room Four

12' 2'' x 2' 3'' (3.71m x 0.69m)

Second Floor Flat Five

Bedroom

11' 0'' x 9' 5'' (3.35m x 2.87m)

Lounge Five

12' 10'' x 8' 8'' (3.91m x 2.64m)

Kitchen Five

9' 7'' x 6' 7'' (2.92m x 2.01m)

Shower Room Five

6' 2'' x 2' 10'' (1.88m x 0.86m)


Mount Wise
Newquay TR7 1QP
County: Cornwall
Sale Type: Sold STC
Ref #: CNN6140
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