Property Description
ATTENTION INVESTORS CURRENTLY PRODUCING A MONTHLY INCOME OF £7735.00 A GROSS YIELD OF 12.4%A rare opportunity to acquire a significant Georgian style property located in desirable St Leonards/Heavitree area of Exeter and the prestige this brings. Located in close proximity to the Royal Devon and Exeter hospital and St Lukes University of Exeter campus and the current redevelopment of the former Heavitree hospital site. The property is currently arranged over three stories as rental units (details of current income and residency will be made available upon request), we would be pleased to accompany you to inspect for yourself this most interesting and appealing property which may suit other uses subject to obtaining the necessary grants or permissions. In its current format, The Elizabethan as it is known is arranged as 16 letting units, a mix of self contained studio units, en-suite shower room and kitchenette, en-suite bedrooms and rooms sharing communal facilities. Each of the units are well maintained and the property offers great flexibility in terms of the level of accommodation available. Further benefits of this property include its proximity to local private schools including Exeter School and close by shopping facilities in Magdalene Road itself and nearby Heavitree Road. This property is well worth an internal inspection to explore its full potential.
Accommodation comprising