£34000 Turnover Seaside Self Contained Flats | | Paignton Devon | | END OF TERRACE SPLIT INTO FOUR FLATS GIVING INCOME OF £30000 - £35000, ACCOUNTS AVAILABLE. CAN BE RUN AS RESIDENTIAL ONLY OR AS PART TOURIST LETS. INCLUDES FULL EQUIPMENT/FURNISHINGS FOR FOUR FLATS GREAT LOCATION. Freehold to buy £34000 Turnover Seaside Self Contained Flats is located in Devon. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 27470
ADVERT IMPRESSIONS : 19,290 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Investment Properties | | SALE: | Private Sale | FREEHOLD: | £360000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | BLOCK OF FOUR FLATS, ONE LEGAL DEED, GREAT LOCATION (TQ4 6AX) PURCHASED IN DEC 2006 FOR £330000, £20000 SPENT SINCE 2 YEARS OF ACCOUNTS / RECORDS. CURRENT INCOME OF £600 PER WEEK, POTENTIAL TO INCREASE TO OVER £700 PER WEEK. EXISTING LEASES EXPIRE IN MAY 2009.2007 - 2008 ACCOUNTS SHOW TOTAL INCOME OF £34400 FROM LETTING ALL FOUR FLATS FOR ALL YEAR
FACILITIES INCLUDE
OFF ROAD PARKING (2 SPACES), CCTV SECURITY, DOOR INTERCOM, COIN OPERATED LAUNDRY ON SITE, 3 VENDING MACHINES, FULL FURNISHINGS FOR FOUR FLATS, FULL EQUIP TO RUN AS RESIDENTIAL OR TOURIST, GCH, PHONE LINES, SKY
NEGATIVE POINTS
ONLY PARTIALLY DOUBLE GLAZED, SOME COSMETIC REPAIR REQUIRED
IDEAL SEASIDE INVESTMENT PROPERTY OR RETIREMENT HOME / BUSINESS. LITERALLY 60 SECONDS WALK FROM SEAFRONT, TWO MINUTES FROM MAIN TOWN / TRANSPORT DEPOTS. EXISTING TENANTS / TOURIST BOOKINGS. HAVEN'T ADVERTISED YET FOR 2009, USUALLY ADVERTISE IN MARCH /APRIL. PLANNING TO STAY RESIDENTIAL FOR 12 MONTHS TO RIDE OUT RECESSION. ALL CURRENT TENANTS HAVE EXPRESSED A WISH TO RENEW FOR 6 OR 12 MONTHS, MOST WORKING SOME ON HOUSING BENEFIT. EXTRA INCOME FROM PARKING SPACES, COIN LAUNDRY, VENDING MACHINES. POTENTIAL FOR BREAKING INTO FOUR AND RESELLING WITH APPROPRIATE PERMISSION. SELLING TO PURSUE OTHER INTERESTS | | | | | | EXPIRED - AWAITING DELETION | | | | | REFERENCE: | 27470 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
