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Morton Road, Exmouth
Guide Price £450,000

Under Offer
  • Front Elevation Towards Seafront
    Morton Road
  • Front Elevation
    Morton Road
  • Rear View & Garage Plus Outbuilding
    Morton Road
  • Rear Courtyard To Garage & Outbuildings
    Morton Road
  • Rear Courtyard
    Morton Road
  • Rear Courtyard
    Morton Road
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  • Substantial Terraced House Close To Seafront
  • Arranged As 4 Independent Flats
  • Garage & Large Courtyard To Rear With Outbuildings
  • Further Scope For Additional Parking To Rear
  • Of Interest To Serious Investment Buyers
  • 4 ASTs in Place Already
  • Annual Income Appx £26,000 Gross
  • Tenants To Remain Subject To Agreements

This substantial terraced house close to Exmouth seafront and Marina and within walking distance of both including the town centre itself and Manor Gardens is arranged as 4 independent flats over 4 floors, each of which producing an income from formal AST's in place.
Each flat has its own heating system and metering for electricity and water.
To the rear is a large courtyard with storage buildings and a garage. There is scope here to create further parking and storage subject to consents.

Flat 1: Gnd Floor 2 bed with access to courtyard. Current income £510 paid 4 weekly.
Flat 2: 1st Floor 1 bed with large bay window sitting room to front. Current income £595 paid 4 weekly.
Flat 3. 1st Floor Large 1 bed Studio style flat with separate shower/WC and Bedroom. Current income £495 pcm.
Flat 4. 2nd Floor 1 bed with separate kitchen/breakfast room. Current income £500 pcm.

The property benefits from a 'certificate of lawful use' as 4 flats from EDDC.

Due to the multiple AST's in place at this property and associated access notices required along with COVID-19 guidelines and precautions internal viewings will only be conducted with serious investment buyers who have viewed the online tour in full first.
Also, any internal viewing of this property should be considered the final stage prior to making an offer subject to survey, not to consider the property's suitability.

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Morton Road
Exmouth EX8 1BA
County: Devon
Sale Type: Under Offer
Ref #: 01398

T: 01395 271800
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