Substantial Detached Property Recently Converted to Provide 10 Small Studio
Price:
Freehold - £780,000
Location:
Devon, East Devon
Business Type:
Commercial Property, Corporate Businesses
The property has been owned by the vendors for many years, having originally operated as a residential care home. It has been converted to its present format over the last 2 years and occupies a large near level site which has scope for further development, subject to planning. The ground floor letting units are arranged primarily in 2 purpose built single storey rear wings constructed in the 1980s/90s, with the majority of the original house being arranged as public areas with first floor owners accommodation. The property has been extensively refurbished in accordance with approved planning permission and building regulation approval and now is presented in first class order throughout.
The 10 flatlets each have their own front doors, and a secondary door, either to the front or rear gardens, along with kitchenettes with microwaves, sinks, fridges, hotplates, worksurfaces, undercupboards etc. Rooms are close carpeted, and have newly fitted shower rooms with WCs and hand basins. There are 4 doubles and 6 singles, all let on licence to occupy and producing a gross income of £5,220 pcm - £62,640 pa. Accounts will be made available to interested parties following a formal viewing.
The owners accommodation provides lounge, 3 double bedrooms, fully fitted kitchen, and recently refitted bathroom. The apartment is light, airy and spacious, in excellent condition with UPVC windows, central heating etc. Externally the property has a generous site with parking for 14 cars, garage/workshop, extra parking etc. Gardens are laid to lawns, with ornamental borders, vegetable plot etc.
3 Double Bedroom Owners Accommodation
10 Small Studio Flats
UK Non-Specific
£ 800,000
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