An attractive and beautifully presented two double bedroom second floor apartment situated in the heart of the City Centre, being an excellent investment opportunity, with no chain. Fully furnished. Students in situ until 31 July 2019.
- City Centre location
- No chain
- Two double bedrooms
- Convert second floor apartment
- Fully let to students until July 31st 2019
- Beautifully presented open plan kitchen/dining room
- Investment property – Fully furnished
- Resident utility, bike, and gen store
- Yield of just over 6.6%
- Viewing is essential
DESCRIPTION Clear Property are delighted to offer this attractive investment property. Currently let to two students for the next academic year, the two girls are in residence until the 31st July 2018. Clear Property has managed this property with no voids since Jan 2007. The standards are high, the property will require new carpets next year but it is fully furnished and sold as seen.
The location is fantastic, just stones throw from the High Street. Located on North Street, close to Central train station, and easily walking distance to the University campus and Exeter College.
The property benefits communal entrance hall, with residence store cupboard, bicycle store, bins store and utility room. The second floor apartment has entrance hall, open plan kitchen and living room, and staircase to two double bedrooms and a luxury shower room.
There is no parking with this property, however there are car parks surrounding it, and local passes can be paid for on a quarterly basis.
AREA & LOCATION The location is fantastic, just stones throw from the High Street. Located on North Street, close to Central train station, and easily walking distance to the University campus and Exeter College.
A great number of shops, bars, local groceries stores surround this property, making it a huge advantage for when letting it for 2018-2019. In our opinion the location really doesn’t get much better for City Living.
OUR OPINION Clear Property has managed this property with no voids since Jan 2007. It has always been a fantastic investment property. Easily maintained. Our managed services conduct on each new tenancy a thorough clean,
a carpet clean and any maintenance that has been required. The only item that we would recommend is the carpets to be renewed after the exit of this tenancy, otherwise it is all ready to go and sold as seen with tenants and furnishings in situe. Viewing is highly recommended.
LIVING ROOM 13′ 2″ x 9′ 2″ (4.01m x 2.79m)
KITCHEN 10′ 5″ x 10′ 11″ (3.18m x 3.33m)
HALLWAY AND LANDING
LUXURY SHOWER ROOM
BEDROOM ONE 11′ 6″ x 8′ 5″ (3.51m x 2.57m)
BEDROOM TWO 9′ 2″ x 10′ 9″ (2.79m x 3.28m)
AGENTS NOTE We are advised that the property is Leasehold, the original lease was 199 years from 1st January 2006, with 187 years remaining. The current annual ground rent is £10.00 and the annual maintenance/service charge is £1166.76 which includes buildings insurance.
Band A £1169.02 per annum.
Clear Lettings would consider the rental value of this property to be in the region of £1100.00 per calendar month providing you with an estimated gross yield of 6.6%. For further information on Management and Tenant Find, please contact Clear Lettings on 01392 425555 as they will be happy to assist with your enquiry.