The property comprises 4 x generously sized apartments situated above a retail shopping parade, with access provided to the rear of the parade. The accommodation consists of 2 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 £33,500 per annum which reflects a 10.14% Gross Initial Yield and a Net Initial Yield of 7.9%, assuming Purchaser's Costs at 1.8% and Stamp Duty Land Tax at £26,000.
The apartments are to be sold long leasehold on 250 year long leases.
