The property comprises 3 x generously sized apartments situated above a retail shopping parade, with access provided to the rear of the parade. The accommodation consists of 1 x 2-bedroom apartments and 2 x 3-bedroom apartments, all arranged over two floors. Each apartment offers a fitted kitchen, bathroom and notably large living room, with the bedrooms positioned on the second floor to provide a practical separation between living and sleeping areas. Although finished to a basic standard throughout, the apartments benefit from spacious layouts and well-proportioned rooms, presenting an excellent investment or rental opportunity.
The apartments are all currently occupied and produce a gross rental income of £25,200 per annum, which reflects a 11.2% Gross Initial Yield and a Net Initial Yield of 8.45% .
Section 13 notices have been served and annual rents are to increase to £8,400 per annum, per flat, from July 2026. Please see current Tenancy Schedule below.
The apartments are to be sold long leasehold on 250 year long leases.
