13 bedroom block of apartments for sale

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13 bedroom block of apartments for sale

Victoria Street, Barnstaple
£1,500,000

Our Summary

  • Discover a unique investment opportunity in the heart of Barnstable

Description

This contemporary development in Barnstable offers a unique investment opportunity, featuring a mix of 2- and 1-bedroom flats, as well as a 3-bedroom detached house. Completed just 18 months ago, the property has been successfully rented to the council on a 5-year lease, providing a stable rental income stream of £85,000 per year. With 4 years remaining on the lease, this arrangement offers reliable returns for investors. The modern flats and detached house are designed to provide comfortable living spaces, appealing to a wide range of tenants. This property not only promises strong financial returns but also represents a valuable asset in a thriving community, making it an exceptional opportunity to invest in Barnstable's real estate market.
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