A centrally located 2 bedroom flat being sold as an investment property with the current tenant looking to be kept in situ. Giving a gross yield of 7% p.a.

This property is being sold as an investment opportunity by the vendors with the current tenant being kept in situ. The current rent is £700 pcm giving a gross yield of 7% Per annum.

The property is situated on the first floor and benefits from both double glazing and gas heating to radiators. From living room are great coastal views.

Agents Notes:
Council Tax Band ‘A’

All main services connected
We understand there is standard broadband available at 19 Mbps and superfast at 80 Mbps
There is also understand the seller has good mobile coverage via 02.

There is a management company in place ‘JM20 Management’ with current reserve funds as of 29/02/2024 of £670. The lease remaining is circa 983 years with no restrictions within the lease for either long term, holiday letting or pets being kept. The current maintenance charge is £50 per month and there is no ground rent charge.

Ilfracombe town offers a variety of independent shops along with larger supermarkets both in and out of town including Lidl, Tesco and Co-Op with further shops, art galleries, restaurants and bars within the area. The picturesque seafront and harbour area is where the renowned artist Damien Hirst influence can be found along with his 60ft ‘Verity’ statue at the harbour entrance. In addition is the exciting new water hub and café making the harbour area a hive of activity.

North Devon has a wealth of simply stunning golden sand beaches and has long been a mecca for British surfers. The area has recently been declared a ‘world surfing reserve’, one of just 12 places on the planet along with the Australia’s Golden Coast and Malibu in California. In addition Exmoor National Park offers breath taking scenery with miles and miles of walks.

Barnstaple, North Devon’s main trading centre is approximately 12 miles away with many of the big name shops and rail link to the intercity network at Tiverton.

Ready to take the next step?

Whether your home is on the market, or you’re just thinking about selling, now or in the future, and you’d just like some advice, we’d love to help!

Andrew Carr Sales

Nicola Draper Lettings