£115,000 /Sale price

Approaches:Flat 14 is situated on the ground floor of Devon Court, a historic building with an impressive facade, lofty ceilings and a grand staircase featuring the original carved wooden bannister. The apartment is accessed via the main front entrance and communal staircase, through its own hardwood fire door.Living Room / Kitchen:A bright space with a large rear-facing bay window that benefits from afternoon and evening sun. The kitchen area is fitted with a range of base and wall units, inset sink, tiled splashback and cooker point with both gas and electric connections. There is under-counter space for a fridge, contemporary vinyl flooring in the kitchen area, and wall lights. Original coving, two radiators and a rear-facing window complete the room.Bedroom:A spacious double with carpet, original coving, radiator and UPVC double-glazed window to the side of the property. Built-in wardrobe and wall lights, with access to the utility room.Utility Room:Practical space with plumbing for a washing machine, base unit with sink, gas boiler and a large side window providing natural light.Bathroom:Fitted with a bath and shower over, pedestal wash hand basin and WC. Finished with contemporary vinyl flooring, wall light with shaver point, and shower curtain rail.Parking:All 2-bedroom apartments have an allocated parking space. There are 2 additional parking spaces, which can be purchased by any of the flats for £5000 each. These will be sold on a first-come, first-served basis.Devon Court is arranged as 21 separate apartments: 3, two-bedroom apartments, 15, one-bedroom apartments and 3, studio apartments. The current owners have let the apartments successfully for many years and have now decided to bring each apartment to sale, as each tenancy ends.Each apartment will be sold with a share of the freehold, with all owners having joint say in the operation and running of the management company which is established to over oversee the maintenance of the structure of the building. Fire alarms, the electrical surveys and other integral service maintenance will be the responsibility of the management company.Owners will be responsible for their own contents insurance and the development, upkeep and maintenance of the inside of their apartment, including electrical, plumbing and painting and decorating. Initially, the service charges will be: 2 bedroom apartment - £125 per month 1 bedroom apartment - £100 per month Studio apartment - £75 per month.The management company will review charges annually, to ensue that the building costs are equitably shared and the statutory safety requirements are met. This is a fantastic opportunity to purchase a property, ready for development to live in or rent out as part of your property portfolio. The current buildings insurance allows for the apartments to be let on a long and short term basis.The owners would consider offers from landlords who are building their property portfolio, on apartments that have sitting tenants. To arrange a viewing or discuss the apartments further, contact Underhill Estate Agents Dawlish.