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Broad Street, Leominster, HR6

PROPERTY TYPE

Block of Apartments

BEDROOMS

4

BATHROOMS

4

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • OUTSTANDING INVESTOR OPPORTUNITY
  • VERY HIGH CURRENT GROSS YIELD OF 8.7%
  • POTENTIAL IMMEDIATE GROSS YIELD OF 10%
  • Current Rent: £1,747pcm
  • Potential NEW Rent: £2,000pcm
  • All Certs Current and In Date
  • All Apartments Tenanted
  • NO TRANSFER FEES to LETTINGS AGENT/ LANDLORD
  • FREE THREE MONTHS MGT with NORTHWOOD (Post Purchase)
  • SOLD WITH FREEHOLD

Description

**INVESTOR OPPORTUNITY** - Block of four one bed apartments - TOTAL CURRENT RENT £1,747pcm - GROSS YIELD 8.7% - ALL FULLY TENANTED - All certifications and tenant administration current - all certs in date - NO ADMIN FEE to transfer to Lettings Agent or Landlord - MARKET RENT £2,000pcm - Potential GROSS YIELD 10% - Outstanding Town Centre Location

Excellent, very high yield investment opportunity compromising of four one bedroom apartments situated within a handsome and charming Grade 2 listed property in central Leominster (Broad Street) within very close proximity of offices, places of work, shops, cafes, pubs and restaurants, yet with easy and immediate access to the A49 south to Hereford and North to Ludlow and Shrewsbury. 

All apartments are fully tenanted (AST's) with all tenant administration current and in date including EICR's, LRA's, Smoke Alarms and Tenancy Agreements. NO rent arrears, no current or known major maintenance needs. Being Grade 2, EPC exemptions may apply. 

Each accommodation comprises of lounge and open plan kitchen , separate bedroom and bathroom. All properties are with low cost Electric Heaters, eliminating Gas Certification and associated boiler upkeep. 

The property will be sold with FREEHOLD, therefore no service fees paid to third party management. 

AGENTS COMMENTS

An outstanding, very high yielding, low cost property investment offering immediate rental income post completion - no set up costs and void periods once acquired. NORTHWOOD would be delighted to manage the property on behalf of any future Buyer and will offer the first THREE MONTHS MANAGEMENT FREE - no set up costs, no transfer fees.

Additional Information

The property is located in the very popular Broad Street area of Leominster, and is set over two floors of appealing charm and character. It enjoys a prominent position within the town, offering a wide range of facilities to includes, individual shops, cafes, pubs a weekly market in the town square, swimming pool, leisure centre, schools and good road and rail links to Hereford and Worcester and Shrewsbury.

 

SELLING? WE OFFER FREE MARKET APPRAISALS OR SALES ADVICE MEETINGS WITHOUT OBLIGATION. CONTACT NORTHWOOD ON TO FIND OUT HOW OUR AWARD-WINNING SERVICE CAN GUIDE YOU ON THE BEST WAY TO SELL YOUR PROPERTY.

We give notice that these particulars, although believed to be correct, do not constitute any part of an offer of contract, that all statements contained in these particulars as to this property are made without responsibility and are not to be relied upon as statements or representations of fact and that they do not make or give any representation or warranty whatsoever in relation to this property. Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. The agent has not tested any apparatus, equipment, fixture, fittings or services and so cannot verify that they are in working order or fit for their purpose, neither has the agent checked the legal documents to verify the freehold/leasehold status of the property. The buyer is advised to obtain verification from their solicitor or surveyor.

AML REGULATIONS To ensure compliance with the latest Anti Money Laundering Regulations all intending purchasers must produce identification documents prior to the issue of sale confirmation. To avoid delays in the buying process please provide the required documents as soon as possible. We may use an online service provider to also confirm your identity. A list of acceptable ID documents is available upon request.

EPC rating: E. Tenure: Freehold,

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

Band: A

Broad Street, Leominster, HR6

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Leominster Station0.5 miles
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About the agent

Northwood, Herefordshire & Shropshire

41 Bridge Street, 1st Floor, Hereford, HR4 9DG

Northwood, Herefordshire & Shropshire

A multi award-winning reliable Sales and Lettings Agency – British Property Awards Winner 2021, All Agents Best Branch 2022, Get Agent Best Valuer 2021, Three Best Rated Best Business 2021 – Trustist Review Rated 4.7 – a great team of passionate, motivated, and caring people operating across the entire Welsh Borders, using the latest technology but with the personal touch to deliver the best customer service.

Lettings: Our unique GUARANTEED RENT: No VOIDS, NO Arrears, even when the prop

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Disclaimer - Property reference P1930. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Northwood, Herefordshire & Shropshire. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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