INVESTMENT OPPORTUNITY. We are delighted to offer to the buy-to-let investment market this well presented and quiet first floor flat located on the edge of the city centre and only a short walk from the picturesque quayside. 1 bedroom, open plan L shaped living room and kitchen dining area, bathroom. Communal gardens.
West Street is an historic street in Exeter, parts of which have seen little change in over 100 years, with some very characterful and interesting period buildings, located on the edge of the city centre with the picturesque quayside with numerous bars and restaurants are only a short walk away. The independent shops of Fore Street are close by, with the larger Guildhall and Princesshay shopping centres beyond. Public transport is easily accessed. Exeter has direct rail links to London, and the nearby M5 motorway provides road links to the UK.
A communal front door with secure entry phone system leads from the street to stairs rising to the first floor with the flat accessed off the communal landing. The flat lies to the rear of the building in a peaceful position overlooking the garden. It comprises an L-shaped open plan living space with a cosy sitting area, and a large light kitchen dining area overlooking the communal garden. The kitchen area has a range of floor and wall mounted white wood effect units with granite effect worktops. There is an integrated electric oven and gas hob with extractor over, and space for an under counter washing machine, and fridge freezer. There is also space for a dining table and chairs, and the floor is tiled - dividing the areas and allowing for easy cleaning. The double bedroom is also light and bright with 2 windows, again overlooking the rear. The bathroom is part tiled with a modern white three-piece suite with a shower over the bath, chrome fittings and a recessed shelf. There is a useful large storage cupboard in the hallway, ideal for coats and shoes. The apartment is gas centrally heated throughout.
All in all a super investment opportunity for new or experienced investors, with a tenant in situ.
Accessed to the rear on the same level as the flat is the communal garden which is mostly gravelled and bordered with trees and bushes.
Leasehold: 999 year lease dating from 1995. Peppercorn ground rent. Service Charge £225 per ¼ .
The property is currently let for £550 pcm, however we have recently let a similar flat in the building for £725pcm equating to a potential gross rental yield of up to 6%
Mains water, drainage, gas and electricity. Gas central heating (new boiler in 2018).
West Street is a one-way street accessed off New Bridge Street, which in turn is off the Exe Bridges Roundabout.