139, Cowick Street, Exeter, EX4 1HS

A substantial freehold investment property arranged as five self-contained flats, comprising four one-bedroom apartments and one studio apartment.

All flats are currently let and produce a combined rental income of £45,180 per annum.

The property is situated in the popular St Thomas area of Exeter, within reach of local shops and may appeal to landlords, investors and buyers seeking a ready-made income-producing residential investment in a well-established Exeter location.

Ground floor Communal hallway. Apartment A Entrance hallway, double bedroom, shower room and open-plan living space (recently modernised). Direct access to the rear garden.

Tenancy Let under the terms of an Assured Periodic Tenancy at a current rental of £825 per calendar month (£9,900 per annum).

EPC rating D council tax band A apartment B Open-plan living space, lobby area leading to the garden, double bedroom and en-suite shower room. Access to the rear garden.

Tenancy Let under the terms of an Assured Periodic Tenancy at a current rental of £745 per calendar month (£8,940 per annum).

EPC rating C council tax band A first floor apartment one Double bedroom with bay window overlooking the park, en-suite shower room, kitchen, hallway and built-in storage cupboard.

Tenancy Let under the terms of an Assured Periodic Tenancy at a current rental of £725 per calendar month (£8,700 per annum).

EPC rating D council tax band A apartment three Entrance hallway, double bedroom, shower room and open-plan living space with outlook to the front.

Tenancy Let under the terms of an Assured Periodic Tenancy at a current rental of £735 per calendar month (£8,820 per annum).

EPC rating C council tax band A second floor apartment two Open-plan living space, double bedroom, shower room and hallway storage.

Tenancy Let under the terms of an Assured Periodic Tenancy at a current rental of £735 per calendar month (£8,820 per annum).

EPC rating C council tax band A outside The property benefits from an enclosed, low-maintenance rear garden, which is understood to be accessed by the two ground floor flats auctioneer’s note 1 At the time of publication the Auctioneers have been unable to internally inspect the accommodation of the individual flats.

These details have been provided by the seller/agent and interested applicants should rely on their own investigations to verify the information provided.

Auctioneer’s note 2 We have been informed that the current owner has had a new roof refitted to the property.

Important All lots are sold subject to the legal documentation which includes the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

Price Information Guides are provided as an indication of each Seller’s minimum expectation.

They are not necessarily figures at which a property will sell for and may change at any time prior to Auction.

Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide.

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Additional Fees An Administration fee and Other non-optional fees may also be payable in addition to the bid price.

All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing.

This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty.

If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees