EXCELLENT INVESTMENT OPPORTUNITY! - This modern and spacious apartment has recently been fully re-decorated and re-carpeted throughout and offers spacious, light and airy accommodation in a great central location. Located at the bottom of Southernhay on Magdalen Street, the property is a short walk from the City Centre.
The first floor apartment comprises three large double bedrooms with high ceilings and plenty of natural light. There is a generous open plan kitchen / dining room which serves as a comfortable social space, at the rear is a large bathroom with shower over the bath.
The property is currently rented to working professionals on a joint, periodic tenancy agreement at a monthly rent of £1500 excluding bills (which the tenants are responsible for). This equates to a gross return of just over 5.6% however there is scope for this to be increased.
NB Flat 3 is also for sale and can be negotiated into any potential purchase, contact us for details.
Tenure: Leasehold (993 years left) plus share of freehold - please enquire for details
EPC Rating: E
Council Tax: Exeter City Council - Band B
B
Share of freehold
