6 bedroom house of multiple occupation for sale

Residential Investment, 2 Higher Fore Street, Redruth, Cornwall, TR15 2AJ

Guide Price £215,000

Property Description

Key features

  • RESIDENTIAL INVESTMENT OPPORTUNITY
  • CENTRAL LOCATION CLOSE TO TRAIN STATION
  • PRODUCING 28,800PA (WHEN FULL)
  • GROSS YIELD OF 11.5%
  • ENERGY PERFORMANCE RATING (F)

Full description

Tenure: Freehold

ACCOMMODATION:

Ground Floor:
A - 12.1sqm (130sqft) - 350pcm
B - 13.2sqm (142sqft) - 410pcm
First Floor:
C - 15.2sqm (164sqft) - 410pcm
D - 13.2sqm (142sqft) - 410pcm
Second Floor
E - 15.2sqm (164sqft) - 410pcm
F - 13.2sqm (142sqft) - 410pcm

TENANCIES:

The bedsits are let on 6-month Assured Shorthold Tenancy agreements. Tenants stay on average for 2-years there is a relatively low turnover of tenants.
Current Tenant and AST agreed dates are as follows:
Flat A, 19/08/2016
Flat B, 05/05/2015
Flat C, interest but no date set as yet.
Flat D, 02/03/2017
Flat E, 16/10/2016
Flat F, 30/12/2016.


TURNOVER:

At full capacity the turnover is 28,800pa.

OUTGOINGS:

The Landlord pays the council tax; water rates (not metered); common electricity; heating (gas); Wifi. The tenants pay for their own electricity consumption on a key meter.
The landlord has informed us that the current Outgoings per annum are as follows:

Insurance - 502.45
Electricity Communal Area - 420.00
Council Tax - 1,077.13
Gas Central Heating - 972.00
WifI/Broadband - 376.80
Water - 780.41

Total = 4,128.76.

Listing History

Added on Rightmove:
27 July 2016

Nearest stations

  • Redruth (0.1 mi)
  • Camborne (3.6 mi)
  • Perranwell (5.1 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Redgrave Commercial, Truro

Redgrave Commercial Lemon House 22 Lemon Street Truro Cornwall TR1 2LS

01872 490006 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

  • Redruth (0.1 mi)
  • Camborne (3.6 mi)
  • Perranwell (5.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Redgrave Commercial, Truro

Redgrave Commercial Lemon House 22 Lemon Street Truro Cornwall TR1 2LS

01872 490006 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.

Disclaimer - Property reference 2HFS. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Redgrave Commercial, Truro. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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