Central Falmouth
- PROPERTY TYPE
Apartment
- BEDROOMS
8
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key 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
Description
- CURRENTLY GENERATING AN ANNUAL RENTAL INCOME OF £63,840
- PROJECTED ANNUAL INCOME TO RISE WITH INCREASED RENTS TO £71,000 PLUS A £60-90PCM UTILITIES CONTRIBUTION FROM EACH FLAT IN 2024/2025.
- LET UNTIL 2025
- 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 £71,000 plus a £60-£90pcm utilities contribution from each flat in 2024/2025. Current tenancies in place until 2024 with one renewing and the remaining three have been let. 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.
OTHER Our lettings department would expect to achieve a gross yield of 8.4% . For any further information or any buy to let related advice please contact our lettings department on and ask for Sammy Jones.
Brochures
S2 - 4 Page Portr...- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off street
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Central Falmouth
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About Smart Estate Agent, Penryn
Swingbridge House Anchor, Quay Hill, Penryn, TR10 8GU
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Visit our security centre to find out moreDisclaimer - Property reference 102646007969. 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 Smart Estate Agent, Penryn. 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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