High Street, Tring
- PROPERTY TYPE
Block of Apartments
- SIZE
Ask agent
Key features
- RARE OPPORTUNITY TO ACQUIRE AN ENTIRE RESIDENTIAL BLOCK
- LOCATED WITHIN THE DESIRABLE MARKET TOWN OF TRING
- MULTIPLE SELF-CONTAINED RESIDENTIAL APARTMENTS
- ATTRACTIVE RESIDENTIAL INVESTMENT OPPORTUNITY
- POTENTIAL FOR LONG-TERM RENTAL RETURNS
- CONVENIENT ACCESS TO TRING HIGH STREET AND MAINLINE STATION
- EXCELLENT CONNECTIONS TO LONDON AND THE M25
- FURTHER INVESTMENT PARTICULARS AVAILABLE UPON REQUEST
Description
DESCRIPTION
A rare opportunity to acquire an established residential investment comprising four self-contained apartments, ideally positioned within the highly desirable market town of Tring, Hertfordshire. Generating a combined gross rental income of £51,600 per annum, this attractive investment offers an excellent opportunity for both established portfolio landlords and investors seeking a substantial residential asset.
The property is held on a 125-year lease, which commenced approximately 10 years ago, leaving approximately 115 years unexpired, subject to legal verification.
The building comprises four individual residential apartments, offering investors the benefit of multiple rental income streams within a single investment. With a combined monthly rental income of £4,300, the property represents an appealing opportunity to acquire an income-producing asset within one of Hertfordshire's most sought-after market towns.
Conveniently situated within Tring, the property benefits from the town's enduring residential appeal, attractive historic surroundings and excellent transport connections. The area's popularity with professionals, commuters and local residents contributes to its established rental market.
The sale of the building as a whole provides purchasers with the advantages of consolidated ownership and management, alongside the potential for longer-term capital appreciation, subject to prevailing market conditions.
RENTAL INCOME
The current rental income is detailed below:
FLAT 1: £1,000 PCM – £12,000 PA
FLAT 2: £1,050 PCM – £12,600 PA
FLAT 3: £1,050 PCM – £12,600 PA
FLAT 4: £1,200 PCM – £14,400 PA
TOTAL MONTHLY RENTAL INCOME: £4,300
TOTAL ANNUAL GROSS RENTAL INCOME: £51,600
The rental figures are gross amounts before any associated management fees, maintenance costs, insurance, ground rent, service charges or other expenditure.
LOCATION
The historic market town of Tring is situated on the edge of the Chiltern Hills, surrounded by some of Hertfordshire's most picturesque countryside.
Tring's thriving High Street offers an excellent selection of independent shops, cafés, restaurants and traditional public houses, alongside a range of everyday amenities.
For commuters, Tring railway station provides direct services into London Euston, whilst the nearby A41 offers convenient access to the M25 motorway and surrounding commercial centres, including Berkhamsted, Hemel Hempstead and Aylesbury.
The combination of an attractive market town setting, excellent transport connectivity and access to beautiful countryside makes Tring a consistently desirable location for residential accommodation.
TENURE
Leasehold – Originally granted for a term of 125 years, commencing approximately 10 years ago, with approximately 115 years remaining. Exact lease terms are subject to verification by purchasers' solicitors.
Further information regarding the individual apartments, tenancy arrangements and financial particulars is available upon request.
Brochures
High Street, Tring- 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.
- Exempt
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- No parking
- 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
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Affordability
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 35023413. 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 Hunters, Tring & Surrounding Areas. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.