Guide Price £700,000 - Exclusive


Rental Investment purchase. This stunning building of historical importance, located in the heart of the town was skilfully converted in 2013 to create 11 self contained, highly individual apartments ranging in size and layout. There is also the potential to create 3 further units within the building, subject to the nessaccary planning permissions, consents and approvals. We are now marketing the whole building and the remaining 7 apartments, along with the freehold as a whole lot. Each apartment retains some of the chapels original features and therefore enjoys quirky layouts due to the buildings original structure and are a combination of 2 and 3 bedroom apartments and maisonettes arranged over three floors.

With tenants already in place, this is a great opportunity to take over an existing property portfolio and generate immediate income, and this is currently of c£52,500 (minus of any fees/costs etc).

Please note that there is NO parking on site or outdoor space.

Newton Abbot boasts a thriving high street, schooling, leisure facilities and shopping along with excellent transport links via both road and rail with a mainline station providing easy access to the capital. For outdoor lovers, Dartmoor National Park is within easy striking distance as too is the south Devon coastline with its stunning beaches and coves.

Approach
From the fore court, with bin storage area, feature wood and glass double doors open to the lobby. Steps up to the main door, with secure entry system into the main hall. Meter cupboard and mail trays for each apartment.

Hall
With motion sensor lighting and storage area for recycling bins and emergency fire door to one side. Doors to Apartment 1 and 2 (not included in the sale). Door to inner lobby with bike and push chair storage and stairs to the first floor with feature stain glass window to the side. Door to inner hall and atruim. Doors to Apartment 3 and 4 and stairs leading up to the first floor at the rear of the building. Further emergency fire exit to one side.

Apartment Three
Two bedrooms, spacious open plan lounge, kitchen dining area and shower room.
Current rental income of £625pcm.
EPC E.

Apartment Four
Two bedrooms, open plan lounge, kitchen dining area and shower room.
Current rental income of £575pcm.
EPC D.

First Floor
Corridor and fire doors lead around to Apartments 5 and 6. (Apartment 7 is not included in this sale).

Apartment Five
Maisonette arranged over two floors. Three bedrooms, open plan lounge, kitchen dining area and shower room.
Current rental income of £675pcm.
EPC D.

Apartment Six
Maisonette arranged over two floors. Two bedrooms, open plan lounge, kitchen dining area and shower room.
Current rental income of £600pcm.
EPC D.

Corridor and fire door to Apartment 8 & 9

Apartment Eight
Maisonette arranged over two floors. Three bedrooms, spacious open plan lounge, kitchen dining area, shower room and ensuite WC.
Current rental income of £700pcm.
EPC E.

Apartment Nine
Maisonette arranged over two floors. Two bedrooms, spacious open plan lounge, kitchen dining area and shower room.
Current rental income of £600pcm.
EPC E.

Corridor and fire door to Apartment 10 & 11
Apartment 11 is not included in this sale.

Apartment Ten
Maisonette arranged over two floors. Two bedrooms, spacious open plan lounge, kitchen dining area and bathroom.
Current rental income of £600pcm.
EPC F.

Further Apartments - STP.
Within the building there are further areas that could be developed, however this is subject to the necessary planning permissions, consents and approval and can not be guaranteed.

Ground Floor - Office/workshop/store & Atruim, potential to create 1 studio apartment
First Floor - 2 x 2 bedroom maisonettes.

Agents Note
Please note that this is a rental investment and we are not (at present) selling the apartments individually. Information is for guidance only and subject to change and rental incomes are based on current yields.

A full site visit will be required by prior notice and due to the fact that the apartments have tenants in place, your patience is appreciated when trying to arrange this.

Leasehold/Freehold information available on request to serious/veted parties only.

Individual EPCs for each apartment are available on request and the one shown is for one Apartment only.



Council Tax
Teignbridge District Council, Band B

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.


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EER Chart

The Energy-Efficiency Rating is a measure of a home's overall efficiency. The higher the rating, the more energy-efficient the home is, and the lower the fuel bills are likely to be.


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