(Exeter), Exeter £1,600,000

An exceptional chance awaits to acquire a freehold property situated near the bustling city center location. This building encompasses six meticulously refurbished apartments, all currently occupied with a rental yield generating an annual income of £116,000 with a yield of 7.25%.

Tenancy
The properties are let at

Garden Flat - £25,000 per year
Flat 1 - £22,500 per year
Flat 2 - £12,500 per year
Flat 3 - £21.000 per year
Flat 4 - £12,500 per year
Flat 5 - £22,500 per year

Tenants pay all he bills

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.