8 bedroom apartment for sale
Key information
Property description & features
- 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
• CURRENTLY GENERATING AN ANNUAL RENTAL INCOME OF £63,840
• PROJECTED ANNUAL INCOME TO RISE WITH INCREASED RENTS TO £73,440 INCLUDING A £60-90PCM UTILITIES CONTRIBUTION FROM EACH FLAT IN 2024/2025.
• LET UNTIL 2024
• 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 £73,440 including a £60-£90pcm utilities contribution from each flat in 2024/2025. Current tenancies in place until 2024 with one renewing and the remaining three to be advertised with increased rent. 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.
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Broadband availability and predicted speed: obtained from Ofcom on April 13, 2023
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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 April 13, 2023
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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