- Fantastic Investment Opportunity
- Currently generating £63,840 rental income
- Great location in centre of Falmouth
- 4 flats for student or residential letting
- Parking for 1-2 cars
8 Bedroom Apartment for sale in Falmouth
8
FULL DESCRIPTION • FOUR INDIVIDUAL STUDENT APARTMENTS CONSISTING OF 1 X ONE BEDROOM, 2 X TWO BEDROOMS, AND 1 X THREE BEDROOMS
• CURRENTLY GENERATING AN ANNUAL RENTAL INCOME OF £63,840
• PROJECTED ANNUAL INCOME TO RISE WITH INCREASED RENTS TO £71,000 PLUS A £60-90PCM UTILITIES CONTRIBUTION FROM EACH FLAT IN 2024/2025.
• LET UNTIL 2025
• CCTV & WIFI
• CENTRAL FALMOUTH LOCATION
• STUDENT & RESIDENTIAL USE PERMITTED
• PARKING SPACE FOR 1-2 CARS
A fantastic opportunity to acquire a block of 4 individual student apartments located in the heart of Falmouth. These flats are generating an annual rental income of £63,840. There is a projected income of £71,000 plus a £60-£90pcm utilities contribution from each flat in 2024/2025. Current tenancies in place until 2024 with one renewing and the remaining three have been let. The block comprises 1 x one bedroom apartment, 2 x two bedroom apartments and 1 x three bedroom apartment. The block is monitored by CCTV in the communal areas. There is a monthly contribution from tenants for some utilities. Also included is parking for 1 - 2 cars. Can be used for Residential or Student use.
All properties have an EPC rating of C. All apartments are compliant with up to date electrical and gas safety certificates.
LOCATION Consistently named as one of the top places to live in the UK, Falmouth is a bustling university town with a fantastic mix of eateries & galleries. Throughout the year the town hosts various festivals and events including the world famous tall ships regatta and red arrows display. With excellent bus routes, and train stations not far away, this location is perfect for both students and residential lettings.
OTHER Our lettings department would expect to achieve a gross yield of 8.4% . For any further information or any buy to let related advice please contact our lettings department on 01326 374850 and ask for Sammy Jones.
Important information
This is not a Shared Ownership Property
Property Ref: 4658956_102646007969
Similar Properties
4 Bedroom Detached House | Guide Price £570,000
Impressive four bedroom detached property set in the stunning location of Constantine Village. Step inside to discover a...
4 Bedroom Detached House | Guide Price £450,000
**No onward chain** We are delighted to offer this 4 bedroom unfurnished detached family home in a highly sought after v...
4 Bedroom Barn Conversion | Offers in excess of £450,000
Offers in Excess of £450,000 This is a rare chance to acquire a greenfield development site with Class Q Planning for a...
6 Bedroom Apartment | £1,050,000
A fantastic opportunity for investment buyers to purchase six freehold individually furnished one bedroom student proper...
7 Bedroom Farm House | Offers in excess of £1,300,000
This exclusive estate includes the main house, two cottages, tennis court, garages, stable range and workshops, all set...
Smart Estate Agent Limited (Penryn)
Anchor Quay, Penryn, Cornwall, TR10 8GU
01326 374850
How much is your home worth?
Use our short form to request a valuation of your property.
Request a Valuation
©2024 The Guild of Property Professionals. All rights reserved.
Terms and Conditions |
Privacy Policy |
Cookie Policy |
Complaints Policy |
Members Login
The Guild of Property Professionals Trading Address: 121 Park Lane, London W1K 7AG. GPEA Limited.
Registered in England & Wales.
Company No: 02819824.
Registered Office Address: 2 St. Stephen's Court, St. Stephen's Road, Bournemouth, Dorset, England, BH2 6LA.
VAT Registration No: 576 8795 61
