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66 & 67 Magdalen Street, Exeter, EX2 8 bed terraced house for sale
66 & 67 Magdalen Street, Exeter, EX2
£850,000
66 & 67 Magdalen Street, Exeter, EX2
£850,000
Our Summary
- SEVEN FLAT INVESTMENT PROPERTYA rare and exciting City Centre residential investment opportunity comprising these two large period, mid-terrace properties currently comprising 7self-contained flats bringing in a gross annual income of £59,040
- The properties, which have accommodation over five floors, now offer huge scope and potential for serious residential investors, some of whom that will envisage the continuation of the current set up of a strong yielding investment
- Others however may consider the formal break up and sale of the individual units, subject to any necessary consents being obtainable
- Please refer to the auction legal pack for further information:No
- All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
Description
This is a rare investment opportunity in the city center, comprising two large period mid-terrace properties with 7 self-contained flats, generating a gross annual income of £59,040. The properties, spread across five floors, offer significant potential for investors, whether they choose to continue the current setup or break up and sell the individual units, subject to necessary consents. The flats are let on assured short-hold tenancy agreements, with rents ranging from £520 to £925 per month. The properties have EPC ratings ranging from D to E, and are located in an area with ultrafast broadband and likely mobile coverage. Viewings can be booked online for scheduled block appointments.