Baxter Gate, Loughborough, Leicestershire - 9 FLATS FOR SALE - FREEHOLD
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
10
- BATHROOMS
9
- SIZE
Ask agent
- TENUREDescribes 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
- Freehold investment of 9 self-contained flats
- Fully tenanted with current rental income of £84,187.20 p.a.
- Net initial yield of 7.02% at £1,200,000 guide price
- Refurbished circa 3 years ago with new kitchens and bathrooms
- Mix of studio, one- and two-bedroom units across four floors
- Total habitable area approx. 4,208 ft² (390.65 m²)
- Central Loughborough location, close to shops and transport links
- Up-to-date EICRs, EPCs, PATs, FRAs and Charnwood selective licence
- Full fire-alarm and emergency lighting system in place
- Viewings by appointment only - contact us to arrange
Description
Property Description:
Originally a traditional brick commercial building beneath a pitched tiled roof, the block extends over lower ground, ground, first and second floors, with single-storey flat-roofed extensions to the rear. A concrete-surfaced yard incorporates artificial lawn accents under a metal and PVC canopy. Entry to most flats is via the rear elevation, while Flats 3 and 4 benefit from additional front-door access; Flat 5 is accessed through the ground floor store.
Accommodation:
Flat 1 (Lower Ground Floor)
Studio flat of 27.83 m² featuring an open-plan kitchen/bedroom and a shower room.
Flat 2 (Lower Ground Floor)
One-bedroom flat of 60.33 m² comprising a kitchen, living room, double bedroom and a shower room.
Flat 3 (Ground Floor)
One-bedroom flat of 42.71 m² with a kitchen, living room, bedroom, utility room and a bathroom.
Flat 4 (Ground Floor)
One-bedroom flat of 28.10 m² offering an open-plan kitchen/living room, bedroom and shower room.
Flat 5 (Ground Floor)
One-bedroom flat of 32.37 m² comprising a kitchen, living room, bedroom and shower room.
Flat 6 (First Floor)
One-bedroom flat of 28.42 m² with kitchen, living room, bedroom and shower room.
Flat 7 (First Floor)
One-bedroom flat of 32.32 m² featuring kitchen, living room, bedroom and shower room.
Flat 8 (First Floor)
One-bedroom flat of 44.15 m² (including store room) offering kitchen, living room, bedroom and shower room.
Flat 9 (Second Floor)
Two-bedroom flat of 50.42 m² comprising kitchen, living room, two bedrooms and shower room.
Landlord?s Store (Ground Floor)
Separate store room of 44.45 m², currently providing secure access to Flat 5 and additional storage.
Total Habitable Accommodation: approximately 4,208 ft² (390.65 m²).
Tenancy & Income:
All nine flats are let under assured shorthold tenancies, producing a combined annual rent of £84,187.20. The secure income stream delivers a 7.02% yield at the guide price, offering immediate cash flow with minimal further capital expenditure.
Safety & Compliance:
A full fire-alarm and emergency lighting system is installed and under service contract. Each flat is accompanied by up-to-date Electrical Installation Condition Reports (EICRs), Energy Performance Certificates (EPCs), Portable Appliance Testing (PAT) records, Fire Risk Assessments (FRAs), emergency lighting reports, fire alarm service reports and a selective licence from Charnwood Council.
Location:
Located on Baxter Gate in the heart of Loughborough town centre, the property is within easy walking distance of shops, cafés, restaurants, and leisure facilities. Loughborough railway station is approximately 0.3 miles away, with regular bus services nearby. Loughborough University and major employers are also readily accessible, ensuring strong tenant demand.
Flat 1 EPC: C
Flat 2 EPC: C
Flat 3 EPC: D
Flat 4 EPC: D
Flat 5 EPC: D
Flat 6 EPC: C
Flat 7 EPC: C
Flat 8 EPC: C
Flat 9 EPC: C
Structual Drawings were all the proposed plans.
Viewings:
Viewings are by appointment. To arrange an inspection of the flats please contact our team at your earliest convenience.
- 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
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Baxter Gate, Loughborough, Leicestershire - 9 FLATS FOR SALE - FREEHOLD
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Visit our security centre to find out moreDisclaimer - Property reference LOU250169. 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 Leaders Sales, Loughborough. 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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