Originally a single large house, 1, 2 & 3 Marine Cottages consist of two self-contained flats and a cellar, offering a strong investment opportunity in a sought-after location.
This property is situated in Barmouth, just a short walk from a range of valuable amenities. It presents an excellent opportunity for investors seeking consistent, long-term returns.
This is a brilliant opportunity for investors!
Flat 1 (ground floor) offers a private entrance and features one bedroom, lounge, kitchen, bathroom, and a small entrance hallway.
Flat 2 (1st and 2nd floor) offers a private entrance and features three bedrooms (2 doubles and one twin), a large lounge, kitchen/dining room and a three-piece bathroom with bath and shower. It is currently let year-round as a holiday rental via Airbnb.
Unit 3 is a cellar space with renovation potential. It could possibly be converted into a studio apartment, subject to planning permission and works
Investment Details:
The portfolio currently produces an annual gross income of £25,650 with tenants currently situated. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio.
Please see the Let Property Pack linked below for more details on this property's investment potential.
Tenancy Details:
The current tenants have resided in the property for several years and have consistently paid their rent. They have no intentions of moving out and are keen to remain in the property.
Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.
Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.
Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.
Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.
Verified as Freehold
Property Tenure documentation has been provided to Let Property and has been Verified.
EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.
Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.
EPC documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.
Interactive street-level view of the property location and surrounding area.
