01392 243077
estate agents

17 Bartholomew Street East, Exeter Guide Price £2,350,000

Sold STC
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  • SIX FLATS, ONE COMMERCIAL SHOP AND THE FREEHOLD FOR SALE
  • INVESTMENT BUILDING
  • FULLY LET FOR THE NEXT ACADEMIC YEAR WITH AN INCOME £164,750 PLUS THE INCOME FROM TE SHOP AND FREEHOLD AT £15.250
  • TOTAL INCOME £180,000
  • COMMERCIAL SHOPS PAYS £15,000 PER YEAR
  • On site secure cycle storage
  • Far reaching views
  • Secure video-cam entry system
  • Modern high spec appliances
  • Close to city centre & university

A unique opportunity to acquire this freehold building with six high end apartments and one commercial shop. All of the apartments are currently let to students and are also fully pre-let for the next academic year. The shop is let out on a long lease and the combined rental income for the building is £180,000 per year.


Freehold

The Freehold is being SOLD with this building and the ground rent is currently £250 per year

Commercial Shop

The commercial shop is currently let on a long lease and pays £15,000 per year.

Furniture Pack

All the furniture in the flats will be included in the sale

Bills/Costs

All the tenants pay all bills other than the communal area's.

Flat 1

Flat 1 is a three bedroom apartment let at £660 per week with an income of £33,000 per year.

Flat 2

Flat 2 is a four bedroom apartment let at £700 per week with an income of £35,000 per year.

Flat 3

Flat 1 is a three bedroom apartment let at £660 per week with an income of £33,000 per year.

Flat 4

Flat 4 is a two bedroom apartment let at £425 per week with an income of £21,250 per year.

Flat 5

This flat is SOLD off to a different buyer and is NOT included in the sale.

Flat 6

Flat 6 is a two bedroom apartment let at £425 per week with an income of £21,250 per year.

Flat 7

Flat 7 is a two bedroom apartment let at £425 per week with an income of £21,250 per year.

Agents Notes

These particulars are not an offer or contract, nor part of one. You should not rely on statements by Francis Louis in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property condition or its value. Neither Francis Louis nor any joint agent has any authority to make any representations about the property and accordingly any information given is entirely without responsibility on the part of the agents, sellor(s) or lessor(s) Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. VAT: the vat position relating to the property may change without notice.


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17 Bartholomew Street East
Exeter EX4 3BG
Sale Type: Sold STC
Ref #: 00000988

P: 01392 243077
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