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Studio, in 66 & 67 Magdalen Street, £795,000
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0 bed terraced house

66 & 67 Magdalen Street, Exeter, Devon EX2
Auction
£795,000

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Our Summary

  • For sale by traditional online auction with bids invited by July 6thA rare and exciting City Centre residential investment opportunity comprising these two large period, mid-terrace properties currently comprising a total of 7self-contained flats all being fully let on assured shorthold tenancies
  • 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, following vacant possession and of course subject to any necessary consents being obtainable
  • 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 £61,500
  • 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

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Description

The two mid-terrace properties are located in the City Centre and offer a total of 7 self-contained flats over five floors. No.66 Magdalen Street features a communal reception hallway, 6 flats, including a ground floor flat, 2 middle floor flats, and 3 top floor flats, with a total incoming gross annual income of £22,500. The building's condition allows for a possible reconfiguration of units.

No.67 Magdalen Street features a lower ground floor flat, a ground floor flat, a first floor flat, and a top floor flat, with a total incoming gross annual income of £36,900. The overall gross annual income for both properties is £61,500.