This property is no longer on the market
6 bedroom terraced house
Key information
Property description & features
- Tenure: Freehold
- 1 x 2 bedroom flat
- 4 x 1 bedroom flats
- Lock up shop
- Gross yield approximately 10% p.a
- Turnkey purchase
Rocky Apartments Is situated in Ilfracombe’s oldest street which connects Ilfracombe’s High Street to the beautiful Harbour area with its range of restaurants and galleries.
The building itself is arranged as self-contained units, comprising 1 x 2 bedroom flat, 4 x 1 bedroom flats and lock up shop. There is also a courtyard area to the rear of the building. For many years the flats have been let on assured shorthold tenancies, with some being holiday let in the past. The property has flexibility and it may suit a purchase to look at a holiday letting business subject to relevant permissions.
Douglas and Dean have been the managing agents for this building for a number of years, we would be happy to continue fully managing the building for a new purchaser giving a turnkey operation with income stream from day one. The current gross income is approximately £2,850 per month, giving an annual income of just over £34,000 and a 10% Gross yield (when fully occupied).
EPC's
Basement Flat, 49 SQM
Flat 1, 27 SQM
Flat 2, 84 SQM
Flat 3, 33 SQM
Flat 4, 33 SQM
Agents Note:
There is a right of way through the external walkway to the left of the building and through the rear garden. Beyond is a parcel of land which is available by separate negotiation.
All flats are band 'A' council tax
Further photos will be available in early 2023
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*DISCLAIMER
Property reference IFC220071. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Douglas & Dean Letting and Property Management - Ilfracombe.
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Broadband availability and predicted speed: obtained from Ofcom on December 23, 2021
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Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 23, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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