South Street, Wellington

Investment Opportunity / Or Personal Use. Two flats, a 1 and a 2 bedroom, with one on AST Tenancy in the heart of Wellington. Leasehold, EPC Band: D, Council A.

Situation - Wellington is situated just off Junction 26 of the M5 Motorway and is an attractive Somerset town located between the River Tone and the Blackdown Hills currently with a population of some 14,000 which is anticipated to grow significantly in the years to come. There is a good range of shops, schools, businesses and sports centre. The town also acts as a dormitory town for Taunton and Exeter. This property is situated along South Street amongst a mixture of local shops and residential property.

Description - Situated above a shop in Wellington with access to the staircase which gives access to both flats. The upper flat is arranged over 2 floors with sitting room, kitchen, 2 bedrooms and a shower room and the lower flat is situated on the first floor with 1 bedroom with en-suite shower, sitting/dining room with kitchenette. The upper flat is currently let under an assured shorthold tenancy and current yield for both flats is circa £1525 per month.

Lower Flat - Access is from the ground floor via a set of stairs and comprises a bedroom with en suite shower and large sitting/dining room with an adjacent kitchenette.

Upper Flat - The upper flat is accessed to the rear via a stairway and internal stairs into the flat on the second floor, The accommodation comprises; Bedroom 1 overlooking the front of the property, night storage heater. Bedroom 2 overlooking the rear of the property with night storage heater. Wet room with low level WC and wash hand basin.
Stairs leading up to the third floor with Kitchen/diner with a range of units with laminate worksurface over, stainless steel sink, space and plumbing for a washing machine, cooker and fridge freezer and feature oak beams.

Services - Mains electric and water connected. This property has the benefit of ultrafast broadband(Ofcom). Mobile coverage likley inside & outside with EE, 02, Vodafone (Ofcom). Low Flood Risk (Gov.co.uk).

Viewings - Strictly by appointment with the vendor's selling agents, Stags, Wellington Office.

Directions - From the centre of Wellington with Stags office on your right, turn left into South Street at the traffic lights. Continue along the road for approximately 80 yards. On the left hand side you will find Sarah Hodge the hair salon, go through the path to the left hand side where you will find the stairs and entrance to the property.

Letting Information - The upper flat is currently let and the property is being sold as an investment opportunity. The current rents for the above flats are £650 for the 1 bedroom and £875 for the 2 bedroom.