Altamira, Topsham, Exeter, EX3

Accommodation Summary

Good investment potential with a yield of approx 4.5%
Private rear garden, with open garden at front and side
On-road parking on site
Recently re-decorated
2 double bedrooms
Sitting room and dining room
Share of the Freehold
No onward chain
Very long lease

Directions

From the Topsham office, turn right and continue along Fore Street. At the mini-roundabout by The Lighter Inn, go straight across onto Monmouth Hill. Continue to the brow of the hill and turn left into Monmouth Street. Follow Monmouth Street to the top and Altamira is on the left hand side.

Situation

Topsham remains a highly desirable estuary town of nationwide renown. Its excellent amenities include individual shops, restaurants and a well-regarded Primary school along with churches and Topsham’s popular open-air swimming pool, rugby club, bowls club and sailing club. Exeter Golf & Country Club is less than two miles distant. There is a frequent bus service and a very useful train link to Exeter City centre which is just 4 miles away and Exmouth which is around 6.5 miles away. The popular ?Route 2’ bike path is a level, 16 mile route between Exmouth and Dawlish on the other side of the Exe Estuary.

Description

Located a short walk from the centre of Topsham and the train station, this 2 bedroom ground floor apartment is being sold with no onward chain. The property is presented in good decorative order having recently been repainted and is available for immediate occupation. The accommodation in brief comprises 2 double bedrooms, a sitting room, dining room, kitchen and bathroom and to the rear, accessed from the dining room is a private garden. Parking is available on the street to the front and the apartment is on a very long lease with a share of the Freehold. An ideal 'lock up and leave' or investment property with a potential gross yield of approx 4.5%.

ENTRANCE	A private uPVC door opens into the?
HALL	Radiator. Cupboard housing the meters. Door into?
SITTING ROOM	16'1" x 12' (4.9m x 3.66m). Large uPVC window to front. Recess for fire. Radiator. Doors to kitchen and inner hall and open through to?
DINING ROOM	9'3" x 7'11" (2.82m x 2.41m). Food hatch to kitchen. Radiator. uPVC French doors to garden.
KITCHEN	8'11" x 7'1" (2.72m x 2.16m). Fitted with a range of base, wall and drawer units with a roll-edged work surfaces and inset ceramic sink and drainer. 4-ring gas hob with oven under and extractor over. Wall-mounted gas boiler. Space for fridge and washing machine. uPVC window to rear.
INNER HALL	Door to understairs cupboard. Doors to?
BEDROOM 1	12' x 11'1" (3.66m x 3.38m). uPVC window to front. Radiator.
BEDROOM 2	9'5" x 8'11" (2.87m x 2.72m). uPVC window to rear. Radiator.
BATHROOM	Panelled bath with shower over, pedestal wash hand basin and low level WC. Radiator. Obscure glazed uPVC window to rear.
Outside	To the front is on-street PARKING. To the rear, the property benefits from a PAVED GARDEN with timber shed.
LETTINGS NOTE:	Wilkinson Grant Lettings department would consider the rental value of this property to be in the region of £750 pcm which should give you a gross yield of between 4.3% and 4.5%. For further information on this or any property letting or management matters, please contact a member of our Lettings department on 01392 455920 and they will be only too happy to assist with your enquiry.
AGENT'S NOTE:	The Vendor advises that the property benefits from a Share of the Freehold and a long lease of 1178 years from 14.06.2009. The charges currently are approximately £630 per annum. We understand the property is managed by Blenheims (SW) Ltd, Torquay Road, Paignton, TQ3 2EZ.