This is a great opportunity to purchase a quality multi-let duplex apartment, which enjoys a particularly convenient City centre position. This 6 bedroom licenced HMO was subject to complete renovation in 2019 and offers spacious and very comfortable accommodation. The rooms are all doubles and all have 32” televisions. Some feature period cast iron fireplaces and three have an en suite shower room. The shared kitchen/diner has a fitted kitchen with integrated oven and hob, fridge, freezer and a dishwasher. Outside, to the rear is a shared courtyard with bicycle rack. The property is let to working sharers on individual tenancy agreements and will produce £41,220 in gross rent a year if full occupancy is maintained. This represents a gross return of 8.5% based on the asking price.
The property sits in an enviable location in the very heart of the Cathedral City of Exeter. It backs on to the Southernhay business district, an area which has seen several ‘high end’ residential developments in recent years. The Cathedral itself is nearby, as is Exeter’s High Street for shopping, banking etc. and the renowned Princesshay Shopping Centre. The Exeter Combined Court, central railway station and main bus station are also within easy walking distance.