Property photos
£400,000
Block of flats for sale
New Road, Brixham TQ5Local area information
Property location
Nearby amenities
- Furzeham Primary School 0.4 miles
- Eden Park Primary & Nursery School 0.4 miles
- Brixham Ferry Landing 0.5 miles
- Brixham Harbour Boarding Stage 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Three Rented Properties Offered Together as One Sale
- All 3 Let on Assured Shorthold Tenancies
- Current Combined Income £26,100 Per Annum
- Discount Applied for Group Sale - Opportunity to Add to Existing Portfolio or Break up for Profit
- 2 x 2 Bedroom Purpose Built Apartments & 1 x 3 Bedroom Extended Semi-Detached House
We have received instructions to market a portfolio of three buy to let properties as one lot. The properties comprise two x 2 bedroom apartments in Seaway Court, New Road, Brixham and an extended 3 bedroom semi-detached family home on Rea Barn Road, Brixham.
The properties are all currently rented under Assured Shorthold Tenancies. The current combined rental income is £26,100 per annum.
This portfolio sale offers the opportunity to add three quality units to an existing portfolio, or to commence a new buy to let portfolio at a discounted price. The discounted rate on the portfolio also offers the opportunity for purchasers to buy and sell the units individually to realise a potential capital profit.
The Properties
Flat 16 Seaway Court, 79 New Road, Brixham, Tq5 8Nj
A second floor, two bedroom apartment in a purpose built block with allocated residents parking.
The property comprises:-
Hall
Living Room (11' 11'' x 10' 7'' (3.64m x 3.23m))
Bedroom 1 (10' 7'' x 7' 1'' (3.23m x 2.16m))
Bedroom 2 (8' 10'' x 9' 9'' (2.7m x 2.96m))
Kitchen (7' 0'' x 13' 1'' (2.13m x 4m))
Bathroom (6' 11'' x 7' 0'' (2.11m x 2.14m))
The property has double glazing and is heated by electric panel heaters.
The flat is let on an Assured Shorthold Tenancy at a rent of £550 pcm (£6,600 per annum).
Flat 24 Seaway Court, 79 New Road, Brixham, Tq5 8Nj
A third floor, two bedroom apartment in a purpose built block with allocated residents parking.
The property comprises:-
Hall
Living Room (11' 11'' x 10' 7'' (3.64m x 3.23m))
Bedroom 1 (10' 7'' x 7' 1'' (3.23m x 2.16m))
Bedroom 2 (8' 10'' x 9' 9'' (2.7m x 2.96m))
Kitchen (7' 0'' x 13' 1'' (2.13m x 4m))
Bathroom (6' 11'' x 7' 0'' (2.11m x 2.14m))
The property has double glazing and is heated by electric panel heaters.
The flat is let on an Assured Shorthold Tenancy at a rent of £525 pcm (£6,300 per annum).
29 Rea Barn Road, Brixham, Tq5 9Ed
A substantial, 3 bedroom semi-detached end of terrace house in a row of only three.
The property has been recently extended to create a fantastic kitchen/dining area.
The property benefits from off street parking and a rear garden.
The property comprises:-
Front Garden
With steps up to front door.
Hall
Living Room & Kitchen/Diner (32' 10'' x 11' 5'' (10m x 3.49m))
Including extension and brand new kitchen.
WC
Utility Area
First Floor
Bedroom 1 (12' 11'' x 10' 4'' (3.94m x 3.15m))
Bedroom 2 (10' 10'' x 10' 8'' (3.3m x 3.25m))
Bedroom 3 (6' 8'' x 7' 5'' (2.03m x 2.25m))
Bathroom
With bath and shower, wash hand basin and WC.
The property is currently occupied under an Assured Shorthold Tenancy at a rent of £1,110 pcm (£13,200 per annum).
Council Tax Bands
Flat 16 Seaway Court A.
Flat 24 Seaway Court A.
29 Rea Barn Road C.
EPC Ratings
Flat 16 Seaway Court D (expired).
Flat 24 Seaway Court D.
29 Rea Barn Road D.
Tenure
We are informed that the properties are held on the following tenures:
16 Seaway Court is held on 199 year lease from 1983 (158 years remaining). There is a £26 per annum ground rent and this year’s service charge of £1,000 per annum.
24 Seaway Court is held on 199 year lease from 1983 (158 years remaining). There is a £26 per annum ground rent and this year’s service charge of £1,000 per annum.
29 Rea Barn Road - we are informed that the tenure of the property is freehold.
Legal Costs
Each party are to bear their own legal costs incurred in any transaction.
Viewing
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.
The properties are all currently rented under Assured Shorthold Tenancies. The current combined rental income is £26,100 per annum.
This portfolio sale offers the opportunity to add three quality units to an existing portfolio, or to commence a new buy to let portfolio at a discounted price. The discounted rate on the portfolio also offers the opportunity for purchasers to buy and sell the units individually to realise a potential capital profit.
The Properties
Flat 16 Seaway Court, 79 New Road, Brixham, Tq5 8Nj
A second floor, two bedroom apartment in a purpose built block with allocated residents parking.
The property comprises:-
Hall
Living Room (11' 11'' x 10' 7'' (3.64m x 3.23m))
Bedroom 1 (10' 7'' x 7' 1'' (3.23m x 2.16m))
Bedroom 2 (8' 10'' x 9' 9'' (2.7m x 2.96m))
Kitchen (7' 0'' x 13' 1'' (2.13m x 4m))
Bathroom (6' 11'' x 7' 0'' (2.11m x 2.14m))
The property has double glazing and is heated by electric panel heaters.
The flat is let on an Assured Shorthold Tenancy at a rent of £550 pcm (£6,600 per annum).
Flat 24 Seaway Court, 79 New Road, Brixham, Tq5 8Nj
A third floor, two bedroom apartment in a purpose built block with allocated residents parking.
The property comprises:-
Hall
Living Room (11' 11'' x 10' 7'' (3.64m x 3.23m))
Bedroom 1 (10' 7'' x 7' 1'' (3.23m x 2.16m))
Bedroom 2 (8' 10'' x 9' 9'' (2.7m x 2.96m))
Kitchen (7' 0'' x 13' 1'' (2.13m x 4m))
Bathroom (6' 11'' x 7' 0'' (2.11m x 2.14m))
The property has double glazing and is heated by electric panel heaters.
The flat is let on an Assured Shorthold Tenancy at a rent of £525 pcm (£6,300 per annum).
29 Rea Barn Road, Brixham, Tq5 9Ed
A substantial, 3 bedroom semi-detached end of terrace house in a row of only three.
The property has been recently extended to create a fantastic kitchen/dining area.
The property benefits from off street parking and a rear garden.
The property comprises:-
Front Garden
With steps up to front door.
Hall
Living Room & Kitchen/Diner (32' 10'' x 11' 5'' (10m x 3.49m))
Including extension and brand new kitchen.
WC
Utility Area
First Floor
Bedroom 1 (12' 11'' x 10' 4'' (3.94m x 3.15m))
Bedroom 2 (10' 10'' x 10' 8'' (3.3m x 3.25m))
Bedroom 3 (6' 8'' x 7' 5'' (2.03m x 2.25m))
Bathroom
With bath and shower, wash hand basin and WC.
The property is currently occupied under an Assured Shorthold Tenancy at a rent of £1,110 pcm (£13,200 per annum).
Council Tax Bands
Flat 16 Seaway Court A.
Flat 24 Seaway Court A.
29 Rea Barn Road C.
EPC Ratings
Flat 16 Seaway Court D (expired).
Flat 24 Seaway Court D.
29 Rea Barn Road D.
Tenure
We are informed that the properties are held on the following tenures:
16 Seaway Court is held on 199 year lease from 1983 (158 years remaining). There is a £26 per annum ground rent and this year’s service charge of £1,000 per annum.
24 Seaway Court is held on 199 year lease from 1983 (158 years remaining). There is a £26 per annum ground rent and this year’s service charge of £1,000 per annum.
29 Rea Barn Road - we are informed that the tenure of the property is freehold.
Legal Costs
Each party are to bear their own legal costs incurred in any transaction.
Viewing
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
More information
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Listed by
Bettesworths Commercial
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