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Penryn

Key features

  • Investment opportunity
  • To be sold as part of a company sale
  • Main rental property in prime location
  • Long term tenants already in situ
  • EPC's - D/D/D/E/E
  • Further income from leasehold properties

Description

PROPERTY DESCRIPTION INVESTMENT OPPORTUNITY! To be sold as part of the disposal of a company. The company owns a building in central Penryn comprising one studio and four one-bedroom flats, as well as a private road in Mawnan Smith. The Mawnan Smith property generates income through annual estate charges from 13 properties on the road and ground rents from 8 leasehold properties.

The rental income from the Penryn flats is approximately £39,400 per year, while the Mawnan Smith assets bring in just over £6,000 annually.

Following the retirement of one of the company directors, the owners are now looking to sell the company as a whole. Purchasing the company directly offers a significant advantage to the buyer-there is no stamp duty payable on the properties themselves, only a reduced stamp duty on the share purchase, estimated at around £2,000.

For more details, do contact our office.  

FLAT 1 Ground floor one bedroom apartment. Modern open plan kitchen/living room. Modern bathroom. Separate bedroom. Currently rented at £675pcm. EPC rating - D 

FLAT 2 First floor one bedroom apartment. Separate living room and kitchen. Modern bathroom. Double bedroom. Currently rented at £660pcm. EPC rating - D 

FLAT 3 Second floor one bedroom apartment. Double bedroom. Kitchen/living room. Bathroom. In need of some modernisation. Long term tenant. Currently rented at £525pcm. EPC rating - D 

FLAT 4 Top floor studio apartment with separate bathroom. Long term tenant. Currently rented at £525pcm. EPC rating - E 

THE COURTYARD FLAT One bedroom. Living room. Separate modern kitchen. Bathroom. Private entrance. Currented rented at £695pcm. EPC rating - E 
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Penryn

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About Martin & Co, Truro

22 New Bridge Street Truro TR1 2AA
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1

Martin & Co Truro, is first and foremost a family run business which opened its doors in 2006 by husband and wife team, Gareth and Wendy Glover. In this time the company has grown consistently from strength to strength over the years and is complimented by a Lettings Manager, a dedicated Property Manager, Negotiator and a Lettings Coordinator.

We are well placed to service the needs of both Landlords and Tenants throughout the whole of Cornwall including and are constantly looking for properties to sell and let. As a lettings specialist you will benefit from a focused and dedicated level of service not always readily available elsewhere. We are accredited with NALS (The National Approved Lettings Scheme) the TPO (The Property Ombudsman) for both lettings and Sales. This is a Government approved independent industry ombudsman.

By dealing with a Member of the TPO, the public may be confident about the agent's approach in its dealings with actual and potential lettings here in Cornwall. Offering piece of mind to Landlords and Tenants in knowing that they are dealing with a firm which agrees to meet defined standards of customer service, together with having in place the necessary insurance to protect client's money, plus a complaints procedure offering independent redress.

Our ranges of services available include:

Investment advice and Specialist Landlord Mortgage facilities as well as our Fully Managed, Rent Receipt and Let Only Service , with all enquiries being dealt with in a prompt and professional manner. All our services include a variety of marketing activities, accompanied viewings and thorough professional referencing of all potential tenants, and for those of you who's properties we look after, we can offer free legal advice where necessary from one of the UK's leading Tenant & Landlord Legal Firms, where we have a team of specialist lettings solicitors on call.

In addition to the wide array of services we provide our clients, we also provide a comprehensive service to Buy to Let investors, which includes advising on property rentals and presentation, arranging finance, preparing the property for lettings (including furnishings if required), snagging and keys handover, as well as letting and managing the tenancy.

We offer a comprehensive and competitively priced sales service and work on a No SALE No Fee basis. Should you be looking to sell your property we would be delighted to offer a free market appraisal of the property with NO obligation.

Martin & Co is the only name to know in residential lettings & sales.

Your mortgage

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Disclaimer - Property reference 100648002504. 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 Martin & Co, 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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