Town centre freehold property converted into two apartments. Combined rental income £16,920 per annum. Brilliant investment opportunity gross yielding in excess of 10% based on the guide price.

The Property - Garston is a town centre freehold residence converted into two apartments, a ground-floor flat with its own garden and a two-bedroom triplex apartment.

Sold with long serving tenants in situ, this investment opportunity yields £16,920 per annum, an excess of a 10% return based on the guide price.

LOWER FLAT

Benefitting its own lower ground floor independent entrance, the property accommodation comprises with an entrance porch, kitchen diner, and bathroom to the ground floor with a lounge and double bedroom to the first floor.

This well-maintained apartment further benefits from its own garden and generates an income of £500 PCM.

UPPER FLAT

An upper-floor flat with its own street-level entrance, the property comprises a ground-floor entrance porch and bathroom. The upper floor accommodation comprises an open-plan lounge diner and two bedrooms. The master room is an attic bedroom with some height restrictions in some areas.

The long-serving tenants in situ are on a periodic tenancy paying £840 every 4 weeks (£910 PCM)

The Outside - There is a gate from the street level with steps leading down to the rear elevation of the building and access to the lower ground floor flat. The level low maintenance walled garden is mainly laid to lawn with mixed planting.

The Location - Liskeard is a former market town located only 7 miles from the South Coast of Cornwall with its sandy beaches and within easy reach of Bodmin Moor.

Providing everyday town centre facilities on the doorstep, Liskeard also benefits from having a retail park, supermarkets, a leisure centre with a swimming pool, squash and tennis courts, a community hospital, and both primary and secondary schools.

Further Information - UPPER FLOOR
Long-serving tenants in situ on a periodic tenancy paying £840 every 4 Weeks. Tenancy commenced on 19th November 2020.
LOWER FLOOR
The tenancy will be renewed on 9th May 2023 to the existing, long-serving, tenant for a term of 6 months at a rent of £500PCM.
Copies of both tenancies can be found within the legal pack.
Tenure: Freehold
EPC Rating: Lower Flat (C70), Upper Flat (C69)

FAQs

Services - Mains gas, electricity, water and drainage
SatNav reference - PL14 4BL
Tenure - Freehold
Garden aspect - West
Agents note - Freehold property converted into two flats sold with long-serving tenants in situ

DIRECTIONS.

From the Parkes and Pearn office, proceed onto Barn Street, pass the Royal British Legion and the property can be found a short distance along on the same side of the street.

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