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After twelve successful years, our Vendor offers for sale their former coach house as an on-going concern, and like-minded investors are invited to entertain this proposition and take advantage of an immediate return on their investment, with four working tenants that generate an 8.25% annual gross yield; paying £1,355 per calendar month/£16,260 per annum.
Currently, the accommodation is set out with three first-floor bedrooms off a 21' long landing and one ground-floor bedroom off a 9' long second hall. All tenants share the use of a three-piece bathroom suite and kitchen/diner, and all rooms are kept warm via a mains-fed gas combination boiler that was fitted two years ago, and insulated and sound-proofed with double-glazed casements. Outside, maintenance can be kept to a minimum with a hard-standing area for parking.
The Coach House is a residential conversion from its original and obvious purpose. From the kerbside, the attractive stone front is complemented with exposed granite quoins and Georgian-style windows that enhance its character detail. Located in a conservation area at the end of Sunnyside, off Treruffe Hill the property is convenient for walk-able access into Redruth town centre, with its choice of independent and branded shops, cinema and bus routes and a railway station on Penzance to London Paddington line.
5' 3'' x 3' 3'' (1.60m x 0.99m)
Central position on the ground floor with a staircase up to the first-floor landing.
9' 4'' x 4' 9'' (2.84m x 1.45m)
A second communal area with a front-facing casement, door into the ground floor bedrooms and a door into the kitchen/diner.
13' 4'' x 9' 1'' (4.06m x 2.77m)
Light-coloured units and matched with neutral coloured wall and floor tiles and contrasting counter-tops. Canopy extractor hood with a four-ring electric hob and oven below, spaces for a washing machine, fridge/freezer and table and chairs. enclosed gas combination boiler.
18' 5'' x 9' 6'' (5.61m x 2.89m)
21' 5'' x 3' 5'' (6.52m x 1.04m)
A long passage with access into all first-floor accommodation.
9' 7'' x 5' 0'' (2.92m x 1.52m)
9' 8'' x 9' 7'' (2.94m x 2.92m)
9' 9'' x 7' 2'' (2.97m x 2.18m)
6' 7'' x 5' 7'' (2.01m x 1.70m)
A three-piece white suite surrounded by wall and floor tiles, a vanity mirror and extractor fan. Panel enclosed shower bath with a mixer tap and separate wall-fitted shower and splash-guard, wall-hung hand-wash basin and a WC with a low level cistern.
Lane access from the public highway with parking for one vehicle. AGENT NOTE: The residents of the flats nearby enjoy the benefit of a right of way for pedestrian access and parking.
Home Hunters Cornwall
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Camborne & Redruth: 01209 311 260
Falmouth & Helston: 01326 567 222
Penzance & St. Ives: 01736 800 571
Camborne & Redruth, Falmouth & Helston, Penzance & St. Ives and everywhere in-between; we can sell your home.