Teignmouth
Substantial Investment sale of 12 Flats with parking at the rear in Teignmouth Town Centre

Description

The property is a substantial building at the entrance to Teignmouth town centre fronting one of the main roundabouts and comprising 12 small flats with allocated Car Parking to the rear.  The flats are let on Assured Shorthold Tenancy Agreements at £415 per calendar month providing a substantial annual income.  The premises were extensively renovated in recent years, following a fire and now offers purchasers an excellent residential Investment opportunity to continue running it in its current form.  Alternatively, it may be possible to rearrange the layouts to provide a smaller number of self-contained apartments which could then either be rented or possible sold off, subject to amy necessary consents.