01392 243077

Belmont Road, Exeter £575,000

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  • Commercial shop with 10 year lease
  • Four residential flats
  • Potential for further development
  • Located close to the City Centre


A fantastic investment opportunity to buy this entire building which includes a commercial ground floor shop with a sitting tenant (Francis Louis) who have a 10 year lease and four residential apartments. The building is located at the top of Belmont Road, which is near Belmont Park and the City Centre. The total income for the building is £44,232 P/A.


Commercial Shop

This shop is occupied by ourselves (Francis Louis) and we have a 10 year lease and we pay £1250 per month. The shop has recently undergone a full refurbishment and is in an excellent condition. We believe the GDV is £150,000

Flat A

A 1 bedroom ground floor garden flat - the flat rents for £525 PCM and we believe the GDV is £125,000

Flat 1

A renovated two Bedroom first floor apartment, the current rent is £736 PCM and the GDV is £175,000.

Flat 2

A two bedroom first floor apartment which currently rents out for £675 PCM and has a GDV of £155,000

Flat 3

A studio apartment with a separate kitchen and bathroom which currently rents out for £500 PCM and has a GDV of £115,000.

Information

DECLARATION OF INTEREST: Section 21 of the Estate Agents Act 1979 applies in this instance, as the seller is has a connection to Francis Louis.


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Belmont Road
Exeter EX1 2HF
County: Devon
Sale Type: For Sale
Ref #: 00000342

P: 01392 243077

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