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Laburnum Row

For Sale £80,000


This is one of two flats being offered for sale to a cash buyer/ investor with long term, stable tenants in situ. The current rental is £450 per month although this is subject to an ongoing review. The remaining three units in the flat are owner occupied.
The block is run and managed by Laburnum House Management Company (Torquay) Limited, and this company is offered for sale at a nominal cost if both units are purchased together.

Being located directly opposite the new Riviera Development, this Victorian Building was converted in 2006 by the present owner.

The building is in good order with no obvious repair evident.

Set in Torre, with close local amenities and only 10 minutes from the sea front, this property has much appeal to the rental market.

Access to Exeter is good, Torquay train station being 5 minutes’ walk or so and the Devon Highway being accessible within minutes’ drive by car



GROUND FLOOR ACCOMMODATION:

ENTRANCE HALWAY: Solid wooden fireproof door with spy hole and security locks, carpeted flooring, wall mounted intercom, fire & smoke alarm, and doors leading to
FRONT RECEPTION ROOM: UPVC double-glazed sash window,, beige carpets, radiator, pendant light fitting
KITCHEN: Open plan access from front reception room integral electric oven & hob, black granite effect work tops with maple base and wall units, inset stainless single drainer, laminate flooring
SHOWER ROOM: Corner Shower Cubicle with opening door, wall mounted electric shower with riser rail. Inset spotlight. Fully tiled walls inside and tile to wet area around washbasin. Two-piece white bathroom suite, white low level dual flush toilet and pedestal washbasin. Radiator, Extractor fan. Brown laminate effect vinyl flooring.
BEDROOM 1: Beige carpet flooring, UPVC double-glazed window, Single electric powered Radiator.



SERVICES:
Connected to: mains water & sewage, heating by means electric storage and panel heaters.
Council Tax 20/21 - BAND A £1201 payable- with SPD £900)
Tenure Leasehold 999 years from 2006.
Maintenance £125 per quarter
Ground rent £50 per annum.


Reference: KWA1000490


Tenant Fees

Deposits (No Greater Than 4 Weeks Rent) will be Registered and Paid Over into The Deposit Protection Custodial Scheme

A Holding Deposit Equal To 1 Weeks Rental Will be Payable To Remove A Property From The Market Whilst Referencing Is Being Applied. This Holding Fee Is Refundable Can Be Used Against Rental Obligation or Deposit Obligation.

If The Tenant (a) Withdraws Once A Tenancy Has Been Agreed or (b) False Information Has Been Provided By A Prospective Tenant In Providing Information For Referencing or (c) Has No Legal Status To Remain In The UK The Holding Deposit Paid To Seymour & Co Will Be Retained By Them To Mitigate The Costs In Processing Their Application.


Disclaimer

These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.


Contact Seymour & Co for more details

 51a High Street, Bristol, BS15 3DQ    |     01803 607036   |    mail@seymouronline.co.uk

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