Residential Development for sale

18 / 20, Terras Road, St Austell

Guide Price £199,000

Property Description

Key features

  • TAILOR MADE BUY TO LET INVESTMENT
  • GROUND FLOOR FLAT PLUS 3 BED APARTMENT ON UPPER FLOORS
  • COMMUNAL YARD AND PARKING SPACES
  • GOOD CONDITION THROUGHOUT
  • ENERGY PERFORMANCE ASSET RATING (18 F / 20 E)

Full description

This property is situated centrally within the village of St Stephen, and represents a ready made buy to let residential investment, or owner occupier part investment for either a family to occupy the larger flat or a couple to occupy the smaller one. The property comprises a ground floor flat and large apartment on upper floors, each let separately. The property has been well maintained internally and externally. The combined anticipated income is £13,656 per annum, representing a return of over 6.5%.

Location - This substantial older style property fronts the main road through the village of St Stephen forming the right hand side of a pair of substantial semi-detached houses. The property benefits from all day sunshine with aspects to the east, south and west.
The village has all the normal facilities, including excellent public transport.

Description - The property has been subdivided to provide a ground floor single bedroomed flat, accessible from both the street and the rear, together with a substantial apartment of three or four bedrooms accommodated over the first and second floors.

Both the flat and the apartment have generous room sizes throughout and are presented in good condition, both internally and externally, incorporating double glazing and central heating.

Accommodation - Flat one, known as number 20 Terras Road. Entrance porch and hall, leading to a substantial lounge, bedroom, bathroom, dining room and separate kitchen. Outside, there is a paved patio/communal yard/garden and parking for one vehicle.

Flat two, known as 18 Terras Road. Entrance, leading up to the hallway, bathroom, kitchen, dining room, lounge and bedroom three, with further stairs and landing leading to bedrooms one and two. Outside the apartment has its own allocated parking space and use of the communal patio/garden/drying area.

Occupancies - Ground floor flat. Let under an Assured Shorthold Tenancy at £488 PCM.
Upper floor apartment. Let under an Assured Shorthold Tenancy at £650 PCM.
Copies of leases are available upon request.

Price - £199,000 is sought for our client's freehold interest.

Legal Costs - Each party is to be responsible for their own legal costs.

Local Authority - Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Services - Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Business Rates - We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171.

Energy Performance Certificate - The Energy Performance Rating for this property is: Number 18 - Band 'F' / Number 20 - Band 'E'.

Vat - All the above prices/rentals are quoted exclusive of VAT, where applicable.

Contact Information - For further information or an appointment to view please contact either:-
Peter Heather on 01872 247007 or via email pgh@miller-commercial.co.uk or
Will Attlee on 01872 247004 or via email wa@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • St. Columb Road (4.3 mi)
  • St. Austell (4.6 mi)
  • Bugle (5.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miller Commercial, Truro

Mansion House Princes Street, Truro, TR1 2RF

01872 490012 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

  • St. Columb Road (4.3 mi)
  • St. Austell (4.6 mi)
  • Bugle (5.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miller Commercial, Truro

Mansion House Princes Street, Truro, TR1 2RF

01872 490012 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 26144431. 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 Miller 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.

Map data OpenStreetMap contributors.