Lot 101: MULTI-COMPONENT FREEHOLD INVESTMENT

Guide Price £240,000 – £280,000 * + Fees
14 Barnstaple Street, South Molton, Devon. EX36 3BQ

Currently let at £34,166.60 per annum

Viewing by arrangement with Clive Emson Auctioneers

01392 366555

Audrey Smith/Tom Lowe

A fabulous residential opportunity to acquire this three storey mid-terrace freehold period property split into seven bedsits and all occupied on Assured Shorthold Tenancies. The building is in a convenient position close to the bustling market town centre of South Molton and with easy access to all amenities and facilities. The property is likely to be of interest to the letting investment fraternity looking for a modest to high yielding investment.

Ground Floor

Entrance into communal hallway with stairs.

Flat 1

Kitchen/bedsitting room and shower room/W.C.

Flat 2

Kitchen/bedsitting room and bathroom room/W.C.

Flat 3

Kitchen area, bedsitting room and shower room/W.C.

First Floor

Flat 4

Bedsitting room, kitchen and shower room/W.C.

Flat 5

Bedsitting room, kitchen and shower room/W.C.

Second Floor

Flat 6

Kitchenette, bedsitting room and shower room/W.C.

Flat 7

Kitchenette, bedsitting room and shower room/W.C.

Outside

There is a courtyard accessed from the ground floor hallway.

Tenancies

Each flat is let on an Assured Shorthold Tenancy Agreement and the total current rental income is £657.05 per week.

Viewing

Strictly by prior confirmed appointment with the Auctioneer’s Office. Interested applicants are advised not to contact the tenants direct.

Residential EPC: D

Map

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The map and satellite images are based on postcode information and are available for for directions only. The may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.