Residential Development for sale

Investment Opportunity. A substantial detached Victorian Villa currently arranged as four x three bedroom apartments, plus one x six bedroom maisonette. In addition to the Villa there is a detached Historic coach house, which has been converted to provide a 1 x three bedroom flat and 2 x two bedroom flats. There are also substantial gardens and a block of 4 x garages. The flats are let and producing £110,676.00 p.a which gives a 4.43% return based on the current asking price. The vendor will sell with vacant possession, fully let or he may consider selling s.t.p.p. The vendor has had plans drawn to convert flat 1 into 2 x 1 bed & 2 x 2 bed flats and Flat 2 into 2 x 1 bed flats. For further details please contact Andrew Hooper. More development land and investments on our web site: www.churchfield.uk.com

This investment is available in two parts, the main house which has sub divided into 5 x self contained flats and a Coach House which has been sub divided into 3 x self contained flats. There is a good size garden and a block of four garages. The house and Coach House have separate titles and therefore could be sold separately of each other.

Main House:

Flat 1.:
Private entrance, first and second floor Maisonette comprising 6 x bedrooms, 3 x bathrooms, 2 x kitchens and 1 x reception room. Potential to split into 2 x flats s.t.p.p. Requires updating.

Flat 2.:
Private entrance, ground floor flat, 3 x bedrooms, 2 x bathrooms, 1 x reception room and conservatory. Requires updating.

Flat 3.:
Ground floor, 3 x bedrooms, 2 x bathrooms, 1 x reception room and good condition.

Flat 4:
First floor, 3 x bedrooms, 2 x bathrooms, 1 x reception room, good condition.

Flat 5:
Top floor, 3 x bedrooms, 3 x bathrooms, 1 x reception room, good condition.

Coach House:

Flat 6:
Ground floor, 2 x bedrooms, 2 x bathrooms, 1 x reception room, good condition.

Flat 7:
First floor, 3 x bedrooms, 2 x bathrooms, 1 x reception room, good condition.

Flat 8:
Ground & lower ground floor, 2 x bedrooms, 2 x bathrooms, 1 x reception room, good condition.

Please note: Development or Investment site (s), bought through Churchfield the purchaser is required to retain us at the rate of 1.5% (minimum fee of £2,000) plus Vat at the prevailing rate. For any Land, Development or Investments acquired, Churchfield must be instructed to re-sell the finished units at 1.5% + vat or re-let at 8% + vat (fully managed) the acquired property or the developed properties on a sole agency basis within three years of completion. If Churchfield are not instructed and the acquisition is sold or Let by the purchaser/s within this period, an additional fee of 1.5% + vat (minimum fee £2,000 + vat) of the original purchase price will be chargeable to the purchaser in addition to any other costs or charges agreed. Once the three year period after completion of the purchase has expired, the purchaser is free to offer the acquisition to any third party with Churchfield having no financial interest.

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