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SOLD STC

Princes Street, Yeovil, Somerset, BA20

Guide Price
£500,000
Reduced on 27/11/2020
Greenslade Taylor Hunt, Yeovil
PROPERTY TYPE
Apartment
BEDROOMS
x9

Property description

Tenure: Leasehold

A superb investment opportunity comprising three two bedroom flats and three one bedroom flats, which are currently let in the centre of Yeovil. Offering an annual income of £37,500

1st & 2nd floors, 30-32 Princes Street provide three 2 bedroom flats and three 1 bedroom flats. The two bedroom flats each are let at £550 per calendar month, the one bedroom flats are let at rents between £425 and £450 per calendar month and the property currently generates gross rental income of £35,700 per annum.

The property is to be held on a long lease for a term of 125 years at a total annual ground rent of £600 without rent review.

The property is in good decorative order throughout, the flats are fully occupied and landlord’s running costs are low.

The property provides an attractive residential investment opportunity.  

Flat 1 on the first floor, with kitchen/diner (11’1 x 7’8, 12’2 x 6’10), studio room (9’1 x 10’9+bay) and bathroom (6’2 x 5’7)

Flat 2 on the first floor with kitchen (10’5 x 8’), living room (8’10 x 14’3+bay), bedroom one (10’9 x 10’), bedroom two (7’2 x 17’ max) and bathroom (5’11 x 6’8)

Flat 3 on the first floor with kitchen/diner (10’4 x 23’9), bedroom one (10’4 max x 10’10), bedroom two (6’3 max x 15’7) and bathroom (6’1 max x1 10’11 max)

Flat 4 on the second floor with kitchen/diner (11’10 x 23’9), bedroom (8’6 x 13’4) and bathroom (5’4 x 6’5)

Flat 5 on the second floor with kitchen/diner (9’4 max x 17’11 max), bedroom 1 (11’10 x 9’4), bedroom 2 (10’1 x 13’10) and bathroom (6’2 x 6’5).

Flat 6 on the second floor with kitchen/diner (15’ x 10’1), bedroom (8’1 x 17’3) and bathroom (5’7 max x 11’6).

Well maintained communal areas service the flats.

EPC
Flat 1: Band D
Flat 2: Band D
Flat 3: Band D
Flat 4: Band C
Flat 5: Band C
Flat 6: Band D

Agents Note
The property is offered on a leasehold basis with a newly extended 125 year lease at £100 ground rent per annum, per flat.

Services & Outgoings
We understand that mains electricity, water and drainage are connected to the property. Heating is via electric wall mounted heaters.

South Somerset District Council - Band C.

The property is located on Princes Street, in the centre of Yeovil, home to a number of shops and cafes, including the popular Emporium. The property is therefore within easy walking distance of Yeovil town centre with its variety of local schools, high street brands and amenities. Yeovil Penn Mill train station being a short distance away and bus stops available within the area.

Brochures

Particulars

Princes Street, Yeovil, Somerset, BA20

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Yeovil Pen Mill Station0.9 miles
  • Yeovil Junction Station1.5 miles
  • Thornford Station3.1 miles
Mortgages
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Market information
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About the agent

Greenslade Taylor Hunt, Yeovil

22 Princes Street, Yeovil, BA20 1EQ

Greenslade Taylor Hunt, Yeovil

Commercial Agents: Sales and Lettings Services in Somerset, Devon and Dorset

Greenslade Taylor Hunt are commercial agents providing specialist advice on all aspects of commercial, development and investment, including sales, acquisitions and lettings of commercial property. Our particular strength lies in our detailed market knowledge across Somerset, Devon and Dorset, combined with considerable experience and a personal, prompt and professional commercial agency service.

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