Margaret Road, Exeter, 3 bedroom, Apartment

A very well presented three bedroom ground floor flat currently let to students with a rental income of £22,500, exclusive of bills over the duration of the 50 week tenancy agreement.
The property benefits from gas fired central heating, upvc double glazed windows, with other accommodation including a separate living room, kitchen, bathroom/w/c and a separate w/c leading off the hallway.
Outside there are front and rear private lawned gardens and a brick built storage shed.
Situated in a popular residential location approximately one mile from both St Lukes and Streatham university campuses, Exeter City Centre and has a supermarket within easy walking distance.

A very well presented three bedroom ground floor flat currently let to students with a rental income of £22,500, exclusive of bills over the duration of the 50 week tenancy agreement.

The property benefits from gas fired central heating, upvc double glazed windows, with other accommodation including a separate living room, kitchen, bathroom/w/c and a separate w/c leading off the hallway.

Outside there are front and rear private lawned gardens and a brick built storage shed.

Situated in a popular residential location approximately one mile from both St Lukes and Streatham university campuses, Exeter City Centre and has a supermarket within easy walking distance.

Introduction

This is a very well presented three bedroom ground floor flat currently let to students with a rental income of £22,500, exclusive of bills over the duration of the 50 week tenancy agreement. The property benefits from gas fired central heating, upvc double glazed windows, with other accommodation including a separate living room, kitchen, bathroom/w/c, a separate w/c leading off the hallway and both front and rear private lawned gardens with a brick built storage shed. It is situated in a popular residential location approximately one mile from both St Lukes and Streatham university campuses, Exeter City Centre and has a supermarket within easy walking distance.

THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING

Ground Floor

Private entrance door to:

Hallway: Radiator, recess providing an appliance space, built in cupboard with appliance space and plumbing for a washing machine.

Kitchen: 2.79m (9'2") x 2.08m (6'10")

One and half bowl stainless steel single drainer sink unit with hot and cold mixer tap set in work surfaces with cupboards, drawers, appliance space below, plumbing for dishwasher, tiled splash backs, appliance space for electric cooker, cooker hood, wall mounted cupboard units, upvc double glazed door to rear garden.

Living Room: 3.05m (10'0") x 2.34m (7'8")

Radiator, laminate flooring, aspect over rear gardens.

Bedroom One: 3.51m (11'6") x 2.39m (7'10")

Radiator, aspect on to the front gardens.

Bedroom Two: 3.35m (11'0") x 2.92m (9'7") Plus door recess.

Radiator, aspect to the front.

Bedroom Three: 3.07m (10'1") x 2.84m (9'4")

Radiator, aspect over rear gardens.

Bathroom/Wc: 1.90m (6'3") x 1.78m (5'10")

Heated towel rail, close coupled w/c, pedestal wash basin with hot and cold mixer tap, panel bath with hot and cold mixer tap, wall mounted electric shower and screen, fully tiled surround, extractor fan.

Separate W/c: Close coupled w/c, wash hand basin, wall mounted boiler supplying domestic hot water and central heating, extractor fan.

Outside

Front: Laid to lawn with footpath to front door and pedestrian side access.

Rear: Laid to lawn with shrubs and trees, brick-built storage shed.

Agents Notes:

Cardens do not manage this property and has not has sight of the tenancy agreement. We are therefore unable to verify the rental income.

Council Tax: Exeter City Council Band B

Energy Rating: C (74)

Lease Hold Term: 125 Years from the 4th December 1989 terminating on the 4th December 2114.

Service Charge: £307.10 per annum

Reviewed: Annually

Ground Rent: £10 per annum