Property Ref: 000747 - Warren Road

  • 2 Bathrooms

  • Gas Central Heating

    A very spacious 2 bedroom, 2 bathroom first floor marine apartment with private covered balcony and open panoramic sea and harbour views, offered for sale with modern neutral accommodation presented in good condition. This apartment has been used as a second home and high class holiday rental flat but vacant possession is now offered. This apartment would make a stunning home, impressive holiday home or even Buy to Let investment with the possibility of earning a gross rental yield of as much as circa 8.12%. Sold with vacant possession with no chain, viewing is highly recommended.

    HALL
    Spacious area opening onto all accommodation, central heating radiator, power points.

    LOUNGE
    14'7 x 14'5 White UPVC double glazed sash window with panoramic sea and harbour views plus double glazed door to private balcony, Georgian effect double doors to lounge, central heating radiator, TV aerial point, telephone point, power points.

    KITCHEN
    12'3 x 6'7 Range of modern light wood effect wall and floor units, charcoal coloured work surfaces, one and a half bowl stainless steel sink unit with mixer taps, built in brushed steel effect electric oven and four ring gas hob, brushed steel effect extractor hood, plumbed for washing machine, integrated fridge/freezer, white coloured tiling around work surfaces, inset spot lighting, laminate effect vinyl flooring, power points.

    BEDROOM 1
    14'1 x 11'3 Three white UPVC double glazed sash windows with panoramic sea and harbour views, white UPVC double glazed door to private balcony, central heating radiator, power points.

    EN-SUITE SHOWER ROOM/WC
    Modern suite comprising shower cubicle with electric shower, vanity wash hand basin, low level WC, heated towel rail, extractor fan, light/shaver point, beige mottled effect vinyl flooring.

    BEDROOM 2
    10'5 x 7'0 Two white UPVC double glazed casement windows with fitted blinds, built in wardrobe, built in cupboard housing combination boiler, central heating radiator, power points.

    FAMILY BATHROOM/WC
    Modern white suite comprising panelled bath and shower over, vanity wash hand basin, low level WC, heated towel rail, light/shaver point, extractor fan, beige mottled effect vinyl flooring.

    COMMUNAL GARDENS
    Very well kept communal gardens arranged on two tiers, mostly laid to lawn with a pathway leading to a secure gate. This gate allows residents to access Rock Walk which leads to the harbourside.

    COUNCIL TAX BAND BAND D Believed to be 1634.78 per annum for 2017/18

    LEASE
    999 year lease from 1st January 2008 therefore 991 years unexpired.

    SERVICE CHARGE
    The current annual service charge is 850.00 to include buildings insurance and maintenance.

    FREEHOLD
    Each apartment will have a 1/12th share of the freehold.

    HOLIDAY USE
    There are no restrictions on holiday letting. The flats are ideal for holiday rental and are situated in a location well known for marine apartments for holiday lets. A recent enquiry with a major holiday flat rental company has shown that this flat would easily gain lets for circa 25 weeks of the year and produce in the region of 13,500 per annum in rental income. A winter let on an Assured Shorthold tenancy would produce a further income in the region of 4,770 per annum. A total rental income in the region of 18,270 per annum would be possible offering a gross rental yield of circa 8.12%.

    PRICE 249,950 - Leasehold.

    249,950

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    Haarer & Motts
    165 St Marychurch Road
    Torquay
    Devon
    TQ1 3HP

    Tel: 01803 322557
    Fax: 01803 322488

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