Business for Sale in DAWLISH, Devon RESIDENTIAL INVESTMENT PROPERTY OPPORTUNITY

Key Information

Reference

INV36288N

Tenure

Freehold

Status

For Sale

Region

Devon

Sector

Investment Properties

Annual Sales

£55,848.00 Exc. VAT

Accommodation

Yes

Business Information

Rare RESIDENTIAL INVESTMENT PROPERTY OPPORTUNITY comprising huge stunning character property with fabulous sea views, the subject of considerable investment over the years, maintained to a high standard ensuring all legislation met. Lucrative and sought after SOUTH DEVON location, situated on the outskirts of the popular seaside resort of DAWLISH, with the town centre, esplanade, beach, famous lawns and ‘Dawlish Water’, along with railway station and attractions only a short walk away. Lying just off the South West Coastal Path, within easy reach of Teignmouth and the City of Exeter, a short drive away.

Offering masses of character, very spacious, extending over 4 floors, viewing is recommended to appreciate the size of the property and overall site. Currently offering 9 self-contained flats, 2 x 2 bedroom, and 7 x 1 bedroom, all with own services/meters. Such is its size, still offers the opportunity for an additional flat and a studio apartment, benefits from front garden, rear access and patio area, bin storage facilities, and some car parking.

The first time on the market in over 30 years, meticulously maintained over these years by the current owners with no major expenditure considered necessary. Quality tenants, a number in residence a considerable number of years and with whom excellent relationships are maintained, all on Assured Shorthold Tenancy agreements, the flats quickly let if ever become vacant. Rental income from flats £55,848 per annum (considered favourable with scope to increase), with further scope to increase from development of further flat and studio apartment in main building.

Freehold £699,995 Ref: INV36288N