Commercial Property for sale

Newton Abbot

£465,000

Property Description

Full description

Tenure: Freehold

The property consists of an imposing grade II listed Victorian terraced building divided into five self-contained flats. It was the subject of complete renovation in 2009 and has been in the same family ownership since the late 1940's.

Each flat has electric heating (key meters), double glazing and living rooms with kitchen area. The landlord currently pays the water rates for the whole building which we are advised are £145.78 monthly. The flats are let out on Assured Shorthold Tenancies and a schedule of the current tenancies is listed below.

In addition, there is a commercial garage/workshop building also let out plus a second vacant residential garage.

The overall gross rental with all flats and the commercial garage let is in the order of £28,620 per annum and this could possibly be improved by rent increases and letting the vacant garage.

Courtenay Park is a public open green with fine Victorian buildings curving around the perimeter of the park. Newton Abbot is a bustling town with a good range of shops and amenities within level walking distance. The main-line railway station is located opposite Courtenay Park.

SCHEDULE OF LETS

Flat 1 - £420 pcm commenced September 2013
Flat 2 - £425 pcm - commenced October 2017
Flat 3 - £420 pcm - commenced March 2016
Flat 4 - £400 pcm - commenced February2017
Flat 5 - £420 pcm - commenced June 2015
The Garage (Oak Place) - £300 pcm - commenced July 2011

DIRECTIONS
The entrance to Courtenay Park is located opposite Newton Abbot Railway Station. Number 26 can be found after a short distance on the right.


Flat 2 
Ground Floor

Flat 2 Living Room and Kitchen 
15'3'' x 11'4'' Window to front aspect. Electric wall heater. Kitchen cupboards on rear and side wall. Sink unit, hot-plate and fridge. Plumbing for washing machine. Door at rear of room to

Flat 2 Bedroom 
13' x 7'2'' Window to rear. Electric wall heater.

En-suite 
Shower room with modern white suite

Flat 4 
Ground Floor

Flat 4 Living Room and Kitchen 
13'8'' x 11' Window to front aspect. Electric heater. Stainless steel sink with hot-plate and fridge.

Inner Lobby 
Doors off to wet room and

Flat 4 Bedroom 
7'9'' x 7'4'' Window to rear aspect. Electric wall heater.

Wet Room 
with electric shower and white suite.

Flat 1 
Second Floor

Flat 1 Living Room and Kitchen 
19' x 10'3'' Window to front aspect. Electric heater. Kitchen units against rear wall. Electric oven and hob. Plumbing for washing machine.

Bedroom 1 
12'6'' x 8'3'' Window to front aspect. Electric heater.

Bedroom 2 
10'2'' x 6' Window to front. Electric heater.

Box room 
8' x 6'2''

Shower Room 

Flat 5 
First Floor

Flat 5 Living Room and Kitchen 
12'3'' x 11'5'' Window to the front. Electric heater. Stainless steel sink with hot plate and fridge.

Flat 5 Bedroom 
10' x 8'3'' Window to rear. Electric heater. Fitted wardrobe.

Shower 
Modern white suite.

Flat 3 
First floor.

Flat 3 Living Room and Kitchen 
14'5'' x 12'3'' Two windows to front aspect. Electric heater. Kitchen area with electric oven, hob, sink and cupboards.

Flat 3 Bedroom 
12'5'' x 7'9'' including shower room. Window to rear aspect. Electric heating.

En-Suite Shower Room 
Modern white suite.

Caretakers Room 
First floor. 9' x 7'6'' Window to rear. Electric heater. En-suite shower room.

Cellar and Store Room 

Outside 
Paved front entrance area with storage space for bins. Walled rear garden. Garage 1 - Vacant 31' x 9' Garage 2 - 31' x 21' Two inspection pits. Roller entry doors.

More information from this agent

Nearest stations

  • Newton Abbot (0.1 mi)
  • Torre (4.6 mi)
  • Teignmouth (4.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Howard Douglas, Ashburton

2 North Street, Ashburton, TQ13 7QD

01364 714004 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Newton Abbot (0.1 mi)
  • Torre (4.6 mi)
  • Teignmouth (4.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Howard Douglas, Ashburton

2 North Street, Ashburton, TQ13 7QD

01364 714004 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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