Investment opportunity! - Exceptionally rare investment opportunity in the heart of Tiverton – Already fully tenanted and generating an income of more than £125,000 pa, Ford House is a stunning development of 18 self- contained flats. Set within beautiful grounds of nearly an acre and fully refurbished to a high specification in circa 2011, and subsequently in [ 2021/ 2022].Additionally planning permission has been granted for two additional flats in the attic space and there is also the scope to build two new houses within the gardens (stnc) .Offering a host of possibilities, the extra flats will be available to buy separately, and while the existing accommodation can either be sold as one complete property or split between several investors. Perfectly placed for tenants merely moments from the high street and local schools, its selection of studio, one and two bedroom homes benefit from a secure Entryphone system and a service lift to all floors.Tiverton is a thriving Mid-Devon Town offering excellent employment opportunities whilst the town offers numerous superstores including Tescos, Morrisons and Lidl. Tiverton Parkway mainline station is situated within a 6-mile drive with direct links to London Paddington with the A361 (North Devon link road) linking up with the M5 from which Taunton and Exeter can be easily reached and Exeter city airport can be reached within half an hour and Tiverton Golf Club and Football/Rugby and leisure centres are all within easy reach.Step InsideSitting adjacent to the Grade I listed 17th century architecture of the original Blundell’s School, Ford House looks out onto the tranquillity of nearly an acre of glorious gardens that have ample scope to incorporate two houses (stnc). Dating back to 1891, today this detached and purposed built complex offers an incredibly rare investment proposition for this historic Devon town and provides a superb work/life balance to its tenants.Fully refurbished to a commendable specification both inside and out in circa 2011, and subsequently in [ 2021/ 2022]. The 18 self-contained flats pepper a magnificent three storey layout that unfolds over 7608 sq ft. Fully tenanted and currently generating an annual income of over £125,000, planning permission has already been granted to extend its considerable accommodation further still with two additional flats in the existing attic. This is an outstanding chance to acquire the entire 18 flats as one single lot with the added option to buy the attic flats and garden houses separately. It’s good to note however that the development could also easily be divided between 2 or 3 individual investors if needed.Behind a distinguished double fronted facade, notably maintained communal hallways flow from a central hallway instantly hinting at the sense of space on offer and generating an inviting first impression to tenants. A communal lift and staircases give easy access to each floor for all demographics and each flat benefits from a secure entryphone system and electric heating.Filled with light, modern and stylish, the considered refurbishment of each abode included new kitchens, bathrooms and carpeting, as well as double glazing and interior doors, and each and every flat is arranged to allow the beautifully kept communal gardens to add an idyllic backdrop. Collectively and individually, their stylish yet functional layouts have been cleverly designed to maximise space and produce an admirable quality of life.Stretching out across the full depth of each floor, 10 one bedroom and 2 two bedroom homes open onto covered private balconies that lend enviable extensions of their generous open plan kitchen/living rooms, while 6 studio apartments enhance the appeal of this period property to a wide spectrum of future tenants.Tastefully chosen and made by the bespoke manufacturer Raynsford Furniture, the kitchens are supremely well appointed with refined Shaker cabinetry topped with sleek contemporary countertops combining to produce a wealth of storage and workspace. Their array of integrated appliances provides every convenience for today’s modern lifestyle while the attention to detail is reflected in the cohesive finishing touches. Living spaces are ideally sized to both relax and entertain, and bath/shower rooms all have high quality white suites.Step OutsideBeautifully framed by statuesque trees the capacious communal gardens of Ford House elevate its appeal to tenants providing a breath-taking wow factor and giving them a heavenly retreat to recline in the summer sun, enjoy al fresco entertaining and allow children to play.These exceptional grounds include 2 allocated parking spaces that are an added plus point for some, while the central location of being merely a leisurely stroll to the hubbub of the high street means that the majority of people looking to rent a flat in Ford House have no need for a vehicle. Those that do generally opt for a scooter or rent parking space nearby.Ford House EntranceLeading off station road to the side of Vale Vets the entrance is accessed through an allocated parking area with designated bin storage area and pathway leading to the communal entrance doors.Communal Entrance And Entrance HallOffering an entrance door and entry phone system leading into the entrance hall with stairs leading to the first and second floor landings.Flat 1A ground floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.Flat 2A ground floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.First Floor LandingFlat 7A first floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.Flat 8A first floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.Second Floor LandingFlat 13A second floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.Flat 14A second floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.Communal Entrance And Entrance HallOffering an entrance door and entry phone system leading into the entrance hall with service lift and stairs leading to the first and second floor landings.Flat 3A ground floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.Flat 4A ground floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.First Floor LandingOffering a service lift and stairs leading to the second floor landing.Flat 9A first floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.Flat 10A first floor two bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading to a second bedroom and further door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.Second Floor LandingOffering a service lift and and large storage cupboard housing mains electrics, t.v points and loft hatch leading to attic space.Flat 15A second floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.Flat 16A second floor two bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading to a second bedroom and further door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.Communal Entrance And Entrance HallOffering an entrance door and entry phone system leading into the entrance hall with stairs leading to the first and second floor landings.Flat 5A ground floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.Flat 6A ground floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.First Floor LandingFlat 11A first floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.Flat 12A first floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.Second Floor LandingFlat 17A second floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.Flat 18A second floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.Communal Garden AreasTo the rear of the building the communal gardens are laid to lawn offering a wide range of shrubs and mature trees with paths leading to the front communal pathways and communal entrance areas with bike storage and bin storage. Within the communal gardens there is pathway leading to old blundells court access road. (note the communal gardens as described is not included within the sale price of the 18 flats but separate negotiation can be sought).Agents NoteThe agent is obliged to notify any prospective purchaser(s) that the attic space is not included within the sale price of the 18 flats as planning has been approved for the development of 2 large two bedroom flats which will potentially be included by separate negotiation.The communal grounds where the area is laid to lawn towards to far end boundary with various shrubs and trees is not included within the sale price of the 18 flats as planning is being sought for further development of one and two bedroom houses which will further compliment Ford House.The service lift is currently not operational but with servicing this will rectify the issue.