£240,000
Property for saleMarine Place, Ilfracombe EX34
EPC Rating: D
Freehold
About this property
A fantastic investment opportunity
Detached property comprising of 4 flats
Exceptional sea views
Additional detached double garage
Annual income exceeding £23,000
Private garden with the lower flat
3 Marine Place is a detached property comprising of 4 flats. Tucked away behind Ilfracombe's High Street. The property benefits from coastal and sea views from its side and rear elevation while maintaining a central location close to all local amenities.
The property is broken down into 2 spacious one bedroom flats, and 2 two bedroom flats. Each commanding its own floor, with the lower ground floor flat benefiting from its own private garden and entrance. The property also comes with a detached double garage.
The flats are currently tenanted on Assured Shorthold Tenancies with a combined annual rental income of £22,800 with the potential for increased income.
The property requires renovation and represents a fantastic investment opportunity or as great addition to a current 'buy to let' property portfolio.
Lower Ground Floor Flat
A one bedroom flat with private access and enclosed private garden. The property consists of a spacious open plan living space, galley kitchen, double bedroom and bathroom. Currently achieving £440 per calendar month.
Flat 1
A ground floor one bedroom flat with sea views, a small balcony (in need of refurbishment) and comprising of a large lounge, dual aspect kitchen, double bedroom and shower room. Currently achieving £410 per calendar month.
Flat 2
A first floor two double bedroom flat with sea views and further comprising of a lounge, kitchen with dining space and spacious bathroom. Currently achieving £525 per calendar month.
Flat 3
A second floor (top) two double bedroom flat with exceptional sea views and further comprising of a lounge, kitchen and bathroom. Currently achieving £525 per calendar month.
The property is broken down into 2 spacious one bedroom flats, and 2 two bedroom flats. Each commanding its own floor, with the lower ground floor flat benefiting from its own private garden and entrance. The property also comes with a detached double garage.
The flats are currently tenanted on Assured Shorthold Tenancies with a combined annual rental income of £22,800 with the potential for increased income.
The property requires renovation and represents a fantastic investment opportunity or as great addition to a current 'buy to let' property portfolio.
Lower Ground Floor Flat
A one bedroom flat with private access and enclosed private garden. The property consists of a spacious open plan living space, galley kitchen, double bedroom and bathroom. Currently achieving £440 per calendar month.
Flat 1
A ground floor one bedroom flat with sea views, a small balcony (in need of refurbishment) and comprising of a large lounge, dual aspect kitchen, double bedroom and shower room. Currently achieving £410 per calendar month.
Flat 2
A first floor two double bedroom flat with sea views and further comprising of a lounge, kitchen with dining space and spacious bathroom. Currently achieving £525 per calendar month.
Flat 3
A second floor (top) two double bedroom flat with exceptional sea views and further comprising of a lounge, kitchen and bathroom. Currently achieving £525 per calendar month.
.png){kind=logo}