Lot 93: FIVE-COMPONENT RESIDENTIAL INVESTMENT IN TUCKED AWAY CITY CENTRE LOCATION

Sold £300,000

A mid-terrace two storey building confirming five residential units in the form of an independent self-contained ground floor flat and four studio units enjoying convenient proximity to everything Truro has to offer but at the same time being slightly off the beaten track.

The property is likely to primarily appeal to both private and career investors particularly due to the fact that what is on offer is a substantial income stream from essentially a single asset thereby aiding servicing and general management. In addition, there is the potential for whole or partial split-off and re-sale and even perhaps more substantive development.

The Flat

Ground Floor

Front door to entrance hall, kitchen, living room, bedroom and bathroom.

Tenancy

Currently vacant although it is anticipated that The Flat will be occupied by the date of the auction at £525 per calendar month.

Ground Floor

Communal porch and hallway for Units 1 to 4.

Unit 1

Bed/living room with kitchenette and shower room.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £435 per calendar month.

First Floor

Shared shower room off the landing for Units 2 and 3.

Unit 2

Studio room and kitchen.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £425 per calendar month.

Unit 3

Studio room with kitchenette.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £395 per calendar month.

Unit 4

Bed/living room, kitchen and shower room.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £450 per calendar month.

Outside

To the front is a pleasant and level area of garden easily capable of formalisation to enhance the property. To the rear is a path/yard area.

Freehold

Residential EPC: D