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Block of Apartments for sale


Sold STC £860,000

Property Description

Key features

  • Freehold Residential Investment Opportunity
  • Grade II Listed Three Storey Town House with Rear Extension
  • Converted Into Five Self Contained Apartments
  • All let out on Assured Shorthold Tenancies yielding 29,139.84 per annum
  • 17 Lock-Up Garages To The Rear With Separate Access.
  • 15 of 17 are let out and are yielding 9,000 pa
  • We have tenants in mind for two vacant garages at 600 pa each

Full description

Freehold residential investment opportunity Grade II listed house converted into five flats plus 17 lock-up garages producing rent of £38,139.84 pa.One three bedroom flat, three with two bedrooms and one with one bedroom. All share large communal gardens. The garage block is rented out separately but is adjacent to this site, with separate access.

Flat 2 
Gross internal floor area 91.73 sq m (987 sq ft) Sitting room, Kitchen, Bedroom 1, Bedroom 2, Bathroom Rent £411.66 pcm

Flat 3 (annexe cottage) 
Gross internal floor area 54.08 sq m (582 sq ft) Sitting room, Kitchen, Bathroom, Bedroom 1, Bedroom 2 Rent £411.66 pcm

Flat 4 (maisonette) 
Gross internal floor area 98.38 sq m (1,059 sq ft) First Floor: Sitting room, Kitchen, Cloakroom. Second Floor: Bedroom 1, Bedroom 2, Bathroom Rent £600 pcm

Flat 5 
Gross internal floor area 111.68 sq m (1,202 sq ft) Sitting room, Kitchen, Bathroom, Bedroom 1, Bedroom 2, Bedroom 3 Rent £525 pcm

15 of the 17 garages are let at £150 per 3 months and the remaining two have been retained as vacant in the run up to the marketing period and could easily be let for the same rent as the others. The garages are brick built under corrugated roofs with metal up and over doors.

Flat 1 
Gross internal floor area 54.85 sq m (590 sq ft) Sitting room, Kitchen, Bathroom, Bedroom Rent £480 pcm

More information from this agent

Listing History

Added on Rightmove:
27 September 2016

Map & Street View

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