- Six fully furnished student apartments
- Currently generating an income of £74000
- Fully let until Summer 2025
- 6 Properties with residential & student permissions
- Gas central heating
6 Bedroom Apartment for sale in Falmouth
6
FULL DESCRIPTION • SIX INDIVIDUAL ONE BEDROOM STUDENT APARTMENTS
• CURRENTLY GENERATING AN ANNUAL RENTAL INCOME OF £74,040
• PROJECTED ANNUAL INCOME TO RISE WITH INCREASED RENTS TO £85,680
• LET UNTIL 2025
• CCTV & WIFI SET UP
• CENTRAL FALMOUTH LOCATION
• STUDENT & RESIDENTIAL USE PERMITTED
A fantastic opportunity to purchase six fully furnished one bedroom student properties located in the heart of bustling Falmouth. Currently generating an annual rent of £74,040 and let until 2024. Income is projected to rise with increased rents to £85,680 with two tenancies renewing until 2025 and the remaining have been let. Each apartment is finished to a high standard with German kitchens with AEG appliances.
The layout of each apartment consists of a sitting room, kitchen and shower room. The ground floor rear apartment has a decked courtyard, tiered garden, and an external utility room and WC. The block is monitored by CCTV in the communal areas. All EPCs range from B-E. The EPC shown is an example from one of the apartments.
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% . 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_102646007970
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