St Austell, Cornwall, A superb investment opportunity in one

Milestone Estate Agents

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· Joined: Feb 20, 2011

£1,500,000

St Austell, Cornwall, A superb investment opportunity in one

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St Austell, Cornwall, A superb investment opportunity in one at Pagoda Drive in St. Austell CON is a Flat

1 / 11

Price:

£1,500,000 Get Prequalified Today

Contact:

01392 410999

Location:

PAGODA DRIVE, St. Austell, Cornwall

Description:

A superb investment opportunity in one of the most picturesque areas of Cornwall. The property consists of 8 new 2 bedroom apartments which have been finished to an exceptionally high standard by the national house builder Midas Homes. All the apartments are fully tenanted on assured shorthold tenancies producing a gross annual income of 65,700. All of the apartments have been dressed and furnished by an interior designer to an extremely high standard and finish. The property has the rare advantage of access to the beach down through the woods and cliffs onto the beautiful private bay, shared between the 'Two Coves' development, which is located on the site of the Old Duporth Holiday Village in St Austell along the south Cornish coast line. This unique property is at the heart of the brand new addition of Two Coves at Duporth Bay, between Porthpean and the picturesque village of Charlestown. St Austell Bay offers outstanding cliff and coastal scenery with beaches at Carlyon Bay, Porthpean and Pentewan and is within easy reach of St Austell and the old fishing ports of Fowey and Mevigissey. The town of St Austell benefits from excellent transport links, with the local airport just 18 miles away and a mainline railway station providing direct access to London Paddington and Plymouth.The apartments where completed in June 2010 and benefit from a 10 year national house builders warranty and a 2 year warranty on all of the fittings and internal appliances.

Description

Freehold
? Investment Opportunity? 8 x 2 bedroom apartments? Completed June 2010? Dressed by an Interior Designer? Furnished Accommodation? 10 year NHBC?
? Share of Private Beach? Coastal Location? Gas Central Heating? uPVC Double Glazing? Bike/Storage Shed? Communal Patio Garden?
? Allocated and Visitors Parking? All Properties Let On Assured Short hold Tenancies? Potential Holiday Apartments?
DESCRIPTION
Milestone Estate Agents are delighted to be offering for sale this superb investment opportunity in one of the most picturesque areas of Cornwall. The property consists of 8 brand new 2 bedroom apartments that are finished to a high standard by the national house builder Midas Homes. The properties are now fully tenanted on assured shorthold tenancies producing a gross annual income of 65,700. All apartments have been dressed and furnished by an interior designer to an extremely high standard. Each apartment comprises of an entrance hall with security intercom system, a dual aspect lounge with feature wall mount fire, a dining area which is open plan to the well equiped kitcehn, 2 bedrooms and a well appointed bathroom. Each property has a very smart 2 and 3 seater settee, a coffee table, 28' Panasonic LCD TV, an oak dining room table and matching chairs, 2 double beds with divan and bedding. All apartments have stainless steel curtain poles and lined curtains at all windows. The decoration is chic and all of the paintwork, pictures and lightfittings create a contemporary ambiance that suits the development.

Outside there is a large brick paved parking area which is wholey owned by the freeholders and provides an allocated space for each apartment and 3 spare visitors spaces. There is a lockable block built storage shed which is shared by all of the apartments and provides a useful space for a bike, surf board or similar, and adjacaent is the bin store.

The development has the rare advantage of its own beach, shared between the development. With stunning views of the South Cornwall Coastline, 'Pentewan' is at the heart of the brand new addition of Two Coves at Duporth Bay, between Porthpean and Charlestown on the site of the old Duporth Holiday Village. Access to the beach is down through the woods and cliffs onto the beautiful private bay.

The apartments where completed in June 2010 and benefit from a 10 year house builders warranty and a 2 year warranty on all of the fittings and internal appliances.

A TYPICAL APARTMENT

Kitchen / Dining Area
4.625 m x 2.395 m
15'2' x 7'10'

Lounge
4.46 m x 3.44 m
14'7' x 11'3'

Bedroom One
3.39 m x 2.05 m
11'1' x 6'8'

Bedroom Two
3.39 m x 2.05 m
11'1' x 6'8'

Room Height
2.238 m
8'4'

Square Footage
640 sq ft

CSPADDER000

Property Type:

Condos, Townhouses & Apts for Sale

Sq feet:

640 sq. ft.

Amenities:

Parking, Patio/Deck, Storage, TV

For sale by:

Agent/Broker

Phone:

01392 410999

Posted:

February 19 2011 on Oodle