Riverside Close, Bridgwater, Somerset

INVESTMENT OPPORTUNITY - FOUR NEAR IDENTICAL APARTMENTS FOR SALE

We are pleased to offer this rare opportunity to purchase FOUR two bedroom apartments all in the same block and currently producing an annual gross income in excess of £43,000. All apartments are in very good order throughout and have long term tenants. There is scope to increase the rents. The properties are located within a few metres of the HP bus pick up point.

Each property has a lounge/diner with archway to the modern kitchen, there is a family sized bathroom and two double bedrooms. Apartments 137 and 138 both have single garages and apartments 139 and 140 come with carports. The communal areas are well maintained. There is a bin store.

The asking price for all four is £552,000 an average of £138,000 per apartment and whilst preference would be given to someone wishing to purchase all four, other combinations would also be considered. No onward chain.

The current tenants are all on Assured Shorthold Tenancies.

EPC Rating: B

Council Tax Band: A

Leasehold Details

Ground Rent: £200 per annum per apartment.

Annual Management Charge: £1501.19 per annum per apartment.

Term: 125 years from 2006.

Whilst every effort is taken to ensure the accuracy of these particulars, we would advise that your conveyancer carries out their own due diligence and you should not rely on these particulars alone.

Situated off the Northern Distributor Road/Homberg Way. A popular residential area on the West side of Bridgwater. Bridgwater town has a wide range of shops, leisure and a recently opened cinema complex. There are schools in the area and a variety of supermarkets can be found approximately 1 mile distance. For the commuter there is a main-line intercity railway station approximately 1.5 miles distance and access to the M5 motorway can be found at junction 23 or 24. A sports and leisure centre can be found approx. 200 yards distance.