Property SummaryIf you are looking for an investment opportunity, this could the the one for you!
This detached property is currently split into five apartments generating a yearly income of £34,500 offering the potential of a 7.7% gross return. The property is currently let at fully capacity with works arranged for flat 3 in order to modernise and maximise the rental potential.
The building comprises:
Flat 1- 1 bedroom flat
Flat 2- 1 bedroom flat
Flat 3- 2 bedroom flat
Flat 4- 1 bedroom flat
Flat 5- 2 bedroom flat
Each apartment has the added bonus of a garage and storage room.
Viewing is strongly encouraged to appreciate the potential of this investment.
£650 pcm - 1 bed Ground floor - lounge, separate kitchen, bathroom and bedroom + Garage and storage room in basement - tenant on fixed term AST 12 Months
£425 pcm - 1 bed Ground Floor - lounge, separate kitchen, bathroom and bedroom + Garage and storage room in basement - Long standing tenant on periodic tenancy.
£750 pcm - 2 bed First Floor - Lounge, separate Kitchen, bathroom 2 bedrooms, garage and storage room in basement - Current tenant paying £400 pcm. Apartment is due to be refurbished and will be readvertised at £750pcm.
£400 pcm - 1 Bed First Floor - Lounge, Separate Kitchen, Bathroom, Bedroom Garage and Storage room in Basement - long standing tenant on a periodic tenancy.
£650 pcm - 2 Bed Second Floor - Lounge, Separate Kitchen, Bathroom, Bedroom Garage and Storage room in Basement - Long standing tenant on periodic tenancy.