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Residential Development for sale

Cannock Road, Hednesford

£400,000

Property Description

Key features

  • Investment Opportunity
  • Six Refurbished Apartments
  • Convenient Location
  • Attractive Yield - Approx 8%
  • Early Viewing Recommended
  • (EPC - C) Available Now

Full description

*EXCITING INVESTMENT OPPORTUNITY* REFURBISHED* VIBRANT TOWN CENTRE LOCATION* SIX HIGH QUALITY APARTMENTS* 8% YIELD

Location - Residential Investment Proposition strategically situated on the periphery of Hednesford Town centre. Convenient access to transport networks, amenities and densely populated urban area.

Description - Exciting and rare opportunity to acquire this freehold complex comprising Six separate one bedroom apartments. The building has been comprehensively refurbished and extended providing individual access to many of the apartments with attractive communal reception providing access to the rest. A fine example of a traditional style building offering modern design, efficient materials and stylish quality fittings. Each of the six one bedroom Units bring in approximately £425 per month with an annual income in excess of £30,000 (to be verified) - approximately 8% Yield. To the rear of the premises is an attractive low maintenance communal garden with refuge storage provisions.

Access & Parking - Two individual apartments can be accessed from the front of the building, a communal entrance is located off the side entry with further individual access from the rear of the building. On road parking is available in close proximity.

Apartments - Welcoming and spacious apartment block comprising six one bedroom apartments offering impressive recently refurbished accommodation. Combination gas central heating boilers, double glazing and security features.

Services - Mains water, drainage, gas and electricity are believed to be connected, but prospective purchasers should satisfy themselves in this respect. (Not tested).

Availability - The premises will be fully occupied. Please enquire regarding further information.

Tenure - We have been advised by the vendor that the property is FREEHOLD. We have not been able to confirm this by reference to the title deeds and therefore prospective purchasers are advised to obtain verification from the vendors solicitors during pre-contract enquiries.

Title - Marwood Homes Ltd have not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Viewings - Strictly via the agents:

Marwood Commercial.

Vat - VAT may be applicable in respect of the retail shops.

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