1 Carnock Road And 11 St Erth Road
A superb investment opportunity to acquire this three storey, link-detached mixed residential investment property being located in a favoured area of the City. This versatile property briefly comprises 9 HMO letting rooms occupying two buildings whilst to the ground floor there is an established commercial component collectively enjoying rents reserved of £52,176 pa.
The property is located on the corner of St Erth Road and Carnock Road which are accessed from Outland Road. The property is close to the Manadon Roundabout which provides access to the A38. On the opposite of Outland Road is a Morrisons and the city centre is 2 miles away.
Ground floor commercial area comprises a retail unit trading as an exotic pet shop and comprises main retail area, two further rooms and WC.
The residential area comprises:
Ground floor; 3 bedrooms plus kitchen, living room and bathroom with WC.
First floor; 3 bedrooms plus kitchen, living room and bathroom with WC.
Second floor;. 3 bedrooms plus kitchen, living room and bathroom with WC.
From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current Rateable Value for the ground floor is £17,250 and the responsibility of the tenant. Council tax band B.
We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.
EPC / MEES
Each party to be responsible for their own legal fees in relation to this transaction.
All figures quoted are exclusive of VAT if applicable.