Studio for sale

Flat 5, West Cliff, Dawlish EX7

Approaches:Flat 5 is accessed via the main front entrance of Devon Court, a historic building with an impressive façade, lofty ceilings and a grand staircase featuring the original carved wooden bannister. The apartment is reached via the communal staircase, with its own hardwood fire door.
Entrance:The hallway includes space for coat storage and leads directly to all rooms. Finished with laminate flooring and equipped with an entry phone system for secure communication with visitors at the front entrance.
Studio:A bright, open living space filled with natural light from a large UPVC double-glazed window. The room is finished with laminate flooring, an electric radiator and wall lights, creating a versatile area for both living and sleeping.
Kitchen:A compact kitchen fitted with a range of base and wall units, roll-top work surfaces, sink and drainer. Connections are available for a gas or electric cooker, with an electric water heater in place. Finished with vinyl flooring.
Bathroom:Fitted with a bath and electric shower over, curtain rail, pedestal hand basin and WC. The room benefits from an extractor fan and borrowed light from the studio via an internal window.

Parking:
All 2-bedroom apartments have an allocated parking space. There are 2 additional parking spaces, which can be purchased by any of the flats for £5000 each. These will be sold on a first-come, first-served basis.

Devon Court is arranged as 21 separate apartments: 3, two-bedroom apartments, 15, one-bedroom apartments and 3, studio apartments.The current owners have let the apartments successfully for many years and have now decided to bring each apartment to sale, as each tenancy ends.

Each apartment will be sold with a share of the freehold, with all owners having joint say in the operation and running of the management company which is established to over oversee the maintenance of the structure of the building. Fire alarms, the electrical surveys and other integral service maintenance will be the responsibility of the management company.

Owners will be responsible for their own contents insurance and the development, upkeep and maintenance of the inside of their apartment, including electrical, plumbing and painting and decorating. Initially, the service charges will be:
• 2 bedroom apartment - £125 per month
• 1 bedroom apartment – £100 per month
• Studio apartment – £75 per month

The management company will review charges annually, to ensue that the building costs are equitably shared and the statutory safety requirements are met. This is a fantastic opportunity to purchase a property, ready for development to live in or rent out as part of your property portfolio.

The current buildings insurance allows for the apartments to be let on a long and short term basis. The owners would consider offers from landlords who are building their property portfolio, on apartments that have sitting tenants. To arrange a viewing or discuss the apartments further, contact Underhill Estate Agents Dawlish.