21 bedroom apartment for sale
Steam Mill Street, Chester
- PROPERTY TYPE
Apartment
- BEDROOMS
21
- BATHROOMS
18
- 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
- Opportunity to acquire 9 apartments within a private development
- 3 x 3-bed duplex and 6 x 2-bed apartments all tenanted
- Total annual income of £121,080
- Lease of 200 years granted in 2005
- Gross yield of 7% per year
- Ideal location close to city centre train station, canal and River Dee
- Development comes with freehold to a commercial unit
- Attractive turnkey investment opportunity
Description
OVERVIEW A rare opportunity to acquire a self-contained block of nine apartments. Situated within their own private development and sold with tenants in situ providing an immediate and established rental income stream with further potential to increase rents once acquired.
The development is a secure, electrically gated complex, with eight of the apartments accessed through the electric gate, centred around a well-maintained internal courtyard, creating an attractive and well-organised residential environment. The accommodation comprises three x three-bedroom duplex apartments, accessed on the ground floor along with six two-bedroom apartments arranged across the first and second floors, offering a strong and balanced rental mix. Seven of the apartments benefit from allocated parking. The development is well laid out and offers a cohesive, easily managed investment opportunity.
With all apartments currently tenanted and forming part of a single, purpose-built complex, this sale represents an excellent opportunity for investors seeking a secure, income-producing asset with long-term growth potential.
In addition to the residential accommodation, the development also includes the freehold of a commercial unit positioned on the main road frontage. The commercial space pays and annual ground rent of £150 and contribute 19% towards the annual building insurance.
LEASE AND SERVICE CHARGES Lease length: 200 years granted in 2005
Service Charge: £1200 per annum
Ground Rent: £150 per annum
TENANCY SCHEDULE AND LENGTH Apartment 26
Rent: £1300pcm
Tenancy: periodic
3-bedroom duplex apartment
2 allocated parking spaces
Apartment 27
Rent: £1300pcm
Tenancy: periodic
3-bedroom duplex apartment
2 allocated parking spaces
Apartment 28
Rent: £1500pcm
Tenancy: periodic
3-bedroom duplex apartment
2 allocated spaces
Apartment 29
Rent: £700pcm
Tenancy: Assured Shorthold Tenancy
2-bedroom apartment
Apartment 30
Rent: £1300pcm
Tenancy: Assured Shorthold Tenancy
2-bedroom apartment
Apartment 31
Rent: £740pcm
Tenancy: periodic
2-bedroom apartment
1 allocated parking space
Apartment 32
Rent: £975pcm
Tenancy: Periodic
2-bedroom apartment
1 allocated parking space
Apartment 33
Rent: £975pcm
Tenancy: periodic
2-bedroom apartment
1 allocated parking space
Apartment 34
Rent: £1300pcm
Tenancy: periodic
2-bedroom apartment
1 allocated parking space
Total annual rental income: £121,080
Yield 7%
FLOORPLAN These plans are included as a service to our customers and are intended as a GUIDE TO LAYOUT only. Dimensions are approximate.
AML ANTI - MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
COPYRIGHT Copyright (C): Thomas Property Group MMXXII: All Rights Reserved. You may download, store and use the material for your own private and personal use only.
You may not copy, reproduce, republish, retransmit, redistribute or otherwise make the material available to any party, any other agent or third party, or make the same available on any for sale particulars or marketing materials, website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the Thomas Property Group's express prior written consent.
The Thomas Property Group copyright remains on all photographs, floorplans and other materials on the sales particulars and websites at all times including after the property is sold or withdrawn from the market.
- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off street,Allocated
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- 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
Energy performance certificate - ask agent
Steam Mill Street, Chester
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Visit our security centre to find out moreDisclaimer - Property reference 102407012458. 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 Thomas Property Group, Chester. 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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