Guide Price £2,750,000. Excellent opportunity to acquire The Stables 6-7 Bedroom House, a large 6 bedroom farm house, block of four one bedroom apartments, multiple annex's, , 2 semi detached houses and a detached bungalow with potential to extend up. This investment opportunity already generates an amazing income. Please call to discuss.
THESTABLES The Stables is a stunning house that has been meticulously renovated to an exceptional standard throughout. The house home includes 5 bedrooms, 2 with ensuites, 2 very large lounge area, a fully fitted superb kitchen space and a family bathroom which is also recently modernised. This house comes with charming courtyard at the front of the property, also offering multiple parking spaces.
THEFARMHOUSE This wonderful property has no end to the opportunities available. Dating back over 400 years but not listed, it offers a much freer approach to any future developments.
Currently set up as a large, South Facing, 6 bedroom family home with 2 Annex's (The Well House and The Studio) that are on AST's The main house has 2 reception rooms and 3 bathrooms and is extremely spacious inside.
The owner has began refurbishing the family home and has replaced the windows with triple glazed UPVC and also replaced the door with a UPVC door. Lead work around the chimney has been completed and the kitchen space has had some wiring updated. First Fix plumbing is in ready for radiators and a new boiler. There is an LPG tank outside of the property. The soffits, fascia and guttering have all been replaced and the walls have been stripped of many years of plaster and plaster board leaving a blank canvas for someone to come and make into their own dream home.
ADDITIONALPROPERTIES Harmony
Harmony annex
The Well House
The Farm House
The Studio
Angel Cottage
Cornerstone
Salamander
The Hay Loft
Kunzite
Wood Ball
Sunset View
Honey Corner
The Pottery
The Stables
INCOME There are 15 properties in total along with the land.
Total income currently generates over £10,000 per month, not including the Farm House or The Stables converted main house.
LOCATION Cutteridge Farm is situated in a rural position, just 3 miles west of the centre of Exeter. The edge of St Thomas is within 2 miles, which has a good range of day-to-day facilities. Other villages in the locality include Whitestone (1½ miles), Longdown (2 miles) and Ide (2 miles). The property is set at the end of a 'No through' council lane at Cutteridge Farm, which comprises a collection of residential properties. A bridleway continues from the farm over the A30 dual carriageway up to Holcombe Burnell and Longdown. Access to the A30 is 2 miles at the Alphington roundabout, or a similar distance to the west near Pathfinder Village. The land with the property runs down to the edge of the A30 itself.
Located next door to the property is 25 acres of Woodland Trust Land. The Woodland trust as I am sure you are aware protect woodlands for future generations. There are further protected areas within the vicinity of the estate.
SUMMARY Excellent opportunity to acquire The Stables 6-7 Bedroom House, a large 6 bedroom farm house, block of four one bedroom apartments, multiple annex's, , 2 semi detached houses and a detached bungalow with potential to extend up. This investment opportunity already generates an amazing income in excess of the £10,000 per month not including the Farm House or The Stables.
Current rental income over £10,000 per month without the 2 main buildings
15 properties and land available
Whole Plot Investment Opportunity
Countryside location but only 15 minutes from central Exeter
