5 bed flat for sale

Lords Court, Stratton, Bude EX23

Large mixed use building offering a superb investment opportunity previously yielding approx. £28,000 pa. Presented in good order, the ground floor is leased to a well reputed village stores on a rolling lease.

Above the shop on the first floor are two bedsits and a two bedroom flat. On the second floor is a further one bedroom flat with all accommodation being let being sold vacant posetion. To the rear of the property is a large garden area and further storage for the shop on the ground floor. A readymade investment property being sold with immediate income available.
Accommodation

stratton stores

The ground floor of the premises is occupied by a Convenience Store let on a rolling five year lease at a current passing rental of £6,000 per annum. Double fronted with windows and door to the front leading into the main commercial area. To the rear of the property is the Store with fire exit, Kitchenette area and cloakroom and further to the rear store area.
First floor

All of the bedsits and flats are vacent possesion with separate electricity meters and including gas central heating and water rates.

Flat 1
Open plan lounge/kitchen/diner, one double and one single bedroom and shower room previously let at £600 per calendar month.

Flat 2
Large open plan room with kitchenette and shower room previously let at £400 per month.

Flat 3
Open plan room with kitchenette and shower room previously let at £360 per month.
Second floor


Flat 4
Good size top floor flat with separate kitchen and lounge, double bedroom and previosuly let at £500 per month.
Outside

The property is roadside and has a covered walkway with storage space to the side and steps giving access to the flats above.

There is a rear private enclosed garden area chiefly laid to lawn and benefiting from a covered seating area with gravel base. Excellent size garden offering further potential.
Floor plans

The floor plans displayed are not to scale and are for identification purposes only.
Services

Mains water, gas, electricity and drainage.
Council tax band

Various.
Energy efficiency rating

Each unit has a separate EPC rating from C to D
Directions

As you enter Stratton take the turning beside the Kings Arms pub along the main road and proceed up the hill. Turn up the hill again and 1 Lords court can be found on the left hand side.
Viewings

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Kivells, their clients, and any joint agents give notice that they are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any areas, boundaries, measurements, or distances are approximate. The text, photographs, CGI’s, and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation, or other consents, and Kivells have not tested any services, equipment, or facilities.

The property is sold subject to all matters in the Property and Charges Register, including rights of way, wayleaves, and easements. Purchasers are deemed to know all boundaries; neither the vendor nor agents will define them. Boundary disputes will be decided by the vendor’s agent. Nothing in these particulars constitutes financial advice. Seek your own financial advice. Using Mortgage Genies sw Ltd. Services will result in a referral fee of £250 + VAT to Kivells. Kivells retains copyright to all sales particulars, photographs, floor plans, sketches, and advertisements.