Studio for sale

New North Road, Exeter EX4

This spacious studio flat is perfect for both first time investors or adding to an existing portfolio. The property is currently let for £775 per calendar month, resulting in a 8.5% return based on the asking price. The current tenant has been at the property for four years and is happy to stay if required. The property would also make a good base for anyone looking to live in the city on a part time basis.

The building has a lift to all floors and the property is located on the 3rd floor. The entrance hall has plenty of storage with a large store and smaller cupboard. The studio room is generous and naturally divides into three areas. The kitchen is fitted with wall and base units with integrated oven, hob and extractor. There is also a bed area adjacent to the living area, which has access out to the west facing balcony. The shower room has a walk-in shower with tiled surround, a W.C and wash hand basin.

Marcus house is situated on New North Road, just towards the end of Queen Street. It has excellent and immediate access to the city centre and everything it has to offer. Central Train Station is also nearby, giving access to the Waterloo line and to the rest of the country's rail network.

This property is part of a portfolio and other properties are available to anyone looking to buy multiple units at the same time. Please get in touch for more information.

Tenure: Leasehold

Council Tax Band: A

Local Authority: Exeter

Service Charge: £1848 Annually

Ground Rent: £238.92 Annually

Time Remaining: 104 Years

Communal Hall

Lift and stairs to all floors

Entrance Hall

Door to shower room, two storage cupboards, opening to studio room

Studio Room (5.14m x 4.38m, 16'10" x 14'4")

Large open plan room with bed area, living area and kitchen. Kitchen fitted with wall and base units and integrated oven, hob and extractor. Space and plumbing for washing machine. Window and double doors to balcony

Shower Room (1.84m x 1.59m, 6'0" x 5'2")

Walk-in shower, W.C and wash hand basin