12 bed block of flats for sale

Pinewood, 18 Westbourne Terrace, Budleigh Salterton, Devon EX9

For sale by traditional online auction, with bids invited by 24th September, 2024 at 2pm.

A stunning large and spacious, detached investment property that briefly comprises 7 apartments all being presented to a good standard throughout. The property is located at the end of this highly sought-after residential road, conveniently located for the town centre and stunning Jurassic coastline beyond.

The property will no doubt catch the eye of investor-landlords on the lookout for an exciting and rewarding high-yielding 'oven-ready' investment along with the opportunity for potential development of the rear garden, subject to all necessary consents being obtainable.

Seven-flat investment property

A stunning large and spacious, detached investment property that briefly comprises 7 apartments all being presented to a good standard throughout. The property is located at the end of this highly sought-after residential road, conveniently located for the town centre and stunning Jurassic coastline beyond.

The property will no doubt catch the eye of investor-landlords on the lookout for an exciting and rewarding high-yielding 'oven-ready' investment along with the opportunity for potential development of the rear garden, subject to all necessary consents being obtainable.

Accommodation

Ground floor

Flat 1. Two bedrooms. Bathroom. Kitchen. Living area.

Flat 2: Maisonette with three bedrooms. Bathroom. Shower room. Kitchen/living area.

Flat 3: Bedroom/living area. Separate kitchen. Shower room.

First floor

Flat 4: Two bedrooms. Bathroom. Kitchen/ living area.

Flat 5: Two bedrooms. Bathroom. Kitchen/ living area.

Flat 6: One bedroom. Bathroom. Kitchen/living area.

Second floor

Flat 7: Second floor flat with additional entrance. Two bedrooms. Bathroom. Kitchen/living area

Outside

Large well stocked gardens and a large lawned garden to the rear, undercroft storage areas and one external landlors storage shed along plentiful off-street parking for multiple vehicles (8 for tenants and one visitor space).

Tenure

Freehold subject to tenancies

Tenancy Information

Flat 1: Vacant.

Flat 2: Let on Assured Shorthold Tenancy agreement, holding over, dated from 1st December 2020, with rents reserved of £990 per calendar month.

Flat 3: Let on Assured Shorthold Tenancy agreement, holding over, dated from 22nd May 2023, with rents reserved of £595 per calendar month.

Flat 4: Let on Assured Shorthold Tenancy agreement, holding over, dated from May 2023, with rents reserved of £875 per calendar month.

Flat 5: Let on Assured Shorthold Tenancy agreement, holding over, dated from 18th January 2019, with rents reserved of £725 per calendar month.

Flat 6: Let on Assured Shorthold Tenancy agreement, holding over, dated from 16th May 2016, with rents reserved of £625 per calendar month.

Flat 7: Let on Assured Shorthold Tenancy agreement, holding over, dated from 31st October 2015, with rents reserved of £775 per calendar month.

EPC

Ratings: Flat 1:C; Flat 2: B; Flat 3: C; Flat 4: B; Flat 5: C; Flat 6: C; Flat 7: D.

What3Words

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Broadband & Mobile Coverage

Broadband: Ultrafast available
Mobile: Likely outside. Potentially limited inside.
Source:

Important Information

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

Auction Legal Pack & Finance

Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal and finance enquiries prior to the auction.

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 price (a figure below which the Auctioneer cannot sell the Lot during the Auction). This reserve figure cannot be higher than 10% above a single figure guide.

Please check our website regularly at or contact us on for up to date information.

Following the fall of the hammer contracts are exchanged and there is no going back!