Lower Meadow Road, Alcombe, Minehead, TA24

£400,000

Guide price

  • Bedrooms: 5
SUMMARY

A superb opportunity to purchase this freehold investment opportunity comprising three recently converted apartments (2 x two bedroom and 1 x one bedroom) finished to a high specification, all presently let and returning a gross yield of 6% per annum. Ideal portfolio acquisition - Recommended!

DESCRIPTION

A superb opportunity to purchase this freehold investment opportunity comprising three recently converted apartments (2 x two bedroom and 1 x one bedroom) finished to a high specification, all presently let and returning a gross yield of 6% per annum. Ideal portfolio acquisition.

The development comprises two ground floor apartments, one and two bedroom, (both with courtyard gardens) and a two bedroom first floor apartment, having been recently converted the apartments benefit from the residual balance of a 10 year building warranty and are complimented by allocated parking to the front of the building.

The property is ideally located at Alcombe within easy reach of local shopping and schooling facilities making it an ideal and convenient location for tenants, currently let on assured shorthold tenancies the apartments return a gross yield of 6% but may be suitable for combined holiday letting proposition with further income potential.

Flat One

Communal Entrance

With covered porch, security entryphone system, glazed door to front, tiled flooring, sensor lighting, door to;

Entrance Hall

A spacious entrance hall, storage/utility cupboard with storage, plumbing for washing matching and fusebox, doors giving access to;

Sitting Room 20' 4" x 9' 3" ( 6.20m x 2.82m )

Double glazed double doors opening onto private courtyard to the rear, wall light points, remote control electric radiator, open plan to;

Kitchen

Fitted with a range of attractive gloss grey wall and base level units with contrasting granite effect worksurfaces, inset four ring electric hob with cooker hood over and oven below, inset single drainer stainless steel sink unit with mixer tap, integrated concealed dishwasher, appliance space for tall fridge freezer, good array of storage drawers.

Bedroom 1 13' 3" x 8' ( 4.04m x 2.44m )

Double glazed window to front, remote control electric radiator, choice of floor coverings.

Bedroom 2 11' x 7' 10" ( 3.35m x 2.39m )

Double glazed window to rear, remote control electric radiator, choice of floor coverings.

Bathroom

Newly fitted White suite comprising panel enclosed bath with mixer tap and shower attachment, dual flush low level w.c., pedestal wash hand basin with tiled surrounds and mosaic border, fully tiled bath enclosure and matching tiled floor, chrome electric towel radiator, extractor fan, mirror light.

Flat Two

Communal Entrance

Security entryphone system, glazed door to front, tiled flooring, stairs to first floor landing, door to;

Entrance Hall

A spacious hall, fitted carpets, utility cupboard with fusebox, plumbing for washing machine and additional storage space, doors giving access to;

Sitting/Dining Room 14' 5" x 13' 10" ( 4.39m x 4.22m )

A light and spacious room with double glazed window to front with views towards The Hopcott, four wall light points, two remote control wall mounted electric heaters, choice of floor covering available, open plan access to;

Kitchen 8' 4" x 7' 9" ( 2.54m x 2.36m )

Newly fitted with a attractive range of gloss Grey wall and base level units with contrasting granite effect worksurfaces, inset four ring hob with tiled splashback, cooker hood over and oven below, inset single drainer stainless steel sink unit with mixer tap, integrated concealed dishwasher, space for tall fridge/freezer.

Bedroom 1 13' x 7' 10" ( 3.96m x 2.39m )

Double glazed window to rear with far reaching views towards North Hill, remote control wall mounted electric heater, ample power points, fitted carpets.

Bedroom 2 9' 4" x 9' 2" ( 2.84m x 2.79m )

Double glazed window to rear with far reaching views towards North Hill, fitted triple wardrobe, remote control wall mounted electric heater, ample power points, fitted carpets.

Bathroom 8' 3" x 5' 10" ( 2.51m x 1.78m )

Double glazed window to side, newly fitted White suite comprising panel enclosed bath with mixer tap and mixer shower over, dual flush low level w.c., pedestal wash hand basin, attractive tiled surrounds with fully tiled bath enclosure and mosaic border, matching tiled floor.

Flat Three

Communal Entrance

With covered porch, security entryphone system, glazed door to front, tiled flooring, sensor lighting, door to;

Entrance Hall

A spacious hall with security entryphone system, large understairs storage cupboard with shelving and plumbing/space for washing machine, doors giving access to;

Sitting Room 14' 1" x 9' 8" ( 4.29m x 2.95m )

Double glazed double doors opening onto private West facing courtyard. wall light points, remote control electric radiator, choice of floor coverings, open plan to;

Kitchen

Attractively fitted with a range of cream gloss wall and base level units with woodblock effect worksurfaces, inset four ring hob with cooker hood above and oven below, inset single drainer stainless steel sink unit with mixer tap, tiled splashback, space for fridge/freezer.

Bedroom 10' 1" x 9' 8" ( 3.07m x 2.95m )

Double glazed window to front, remote control electric radiator

Bathroom

Newly fitted White suite comprising panel enclosed bath with mixer tap and shower attachment, dual flush low level w.c., pedestal wash hand basin with tiled surrounds and mosaic border, fully tiled bath enclosure and matching tiled floor, chrome electric towel radiator, extractor fan, mirror light.

Outside

The two ground floor apartments benefit from each having a courtyard garden which is enclosed and enjoys a good degree of privacy, in addition there is allocated parking for each of the apartments to the front of the building with an additional parking space available.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Arrange viewing 01643 818033

Fox & Sons - Minehead

13 The Parade, Minehead, Somerset

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