Property description
A DETACHED INVESTMENT OPPORTUNITY comprising FIVE SELF CONTAINED FLATS fully let bringing in a rental income circa. £24,895 OVER 52 WEEKS. Having further potential to improve and develop to increase income, viewings VITAL to appreciate opportunity on offer. All having own gas and electric meters, the development comprises; four one bedroom flats all with hallways, living rooms, kitchens, bedrooms and bathrooms. One two bedroom flat with hallway, living room, kitchen and bathroom. With secure communal areas, private 'landlord's cellar providing excellent storage and resident parking area.
Approach
Located on the corner of Church Street and South Street, the apartments are approached via a secure communal area with intercom systems. Flats 1, 4 and 5 are located on a side entry via South Street and Flats 2 and 3 are via entry on Church Street.
Flat 1
Hallway
Living Room - 17' 7'' x 11' 1'' (5.36m x 3.38m)
Breakfast Kitchen - 13' 9'' x 7' 4'' Max (4.20m x 2.24m)
Bathroom - 8' 10'' x 5' 7'' (2.68m x 1.71m)
Double Bedroom - 12' 5'' Max x 9' 3'' (3.78m x 2.83m)
Flat 2
Hallway
Living Room - 15' 6'' x 12' 8'' (4.72m x 3.87m)
Kitchen - 13' 9'' x 3' 11'' (4.19m x 1.20m)
Bathroom - 7' 0'' x 6' 4'' (2.13m x 1.94m)
Bedroom - 12' 10'' Into Chimney Breast Recess x 15' 7'' (3.92m x 4.74m)
Flat 3
As of 16/03/2016 the flat is un inspected, however we have been advised by our client the flat consists of a hallway, living room, kitchen, bathroom and bedroom.
Hallway - 8' 2'' x 3' 2'' (2.50m x 0.96m)
Living Room - 16' 4'' x 9' 3'' (4.97m x 2.82m)
Kitchen - 7' 7'' x 14' 1'' (2.30m x 4.28m)
Bedroom - 12' 9'' x 7' 10'' (3.88m x 2.39m)
Flat 4
Hallway
Living Room - 15' 0'' x 9' 9'' (4.56m x 2.97m)
Kitchen - 10' 3'' x 8' 10'' Max (3.13m x 2.70m)
Bathroom - 10' 2'' x 7' 9'' (3.10m x 2.36m)
Bedroom - 9' 4'' x 8' 8'' (2.84m x 2.65m)
Flat 5
Hallway
Living Room - 16' 8'' x 11' 6'' (5.07m x 3.50m)
Kitchen - 8' 7'' x 8' 4'' (2.61m x 2.53m)
Bathroom - 9' 9'' x 5' 7'' (2.98m x 1.71m)
Bedroom One - 10' 7'' x 10' 0'' (3.22m x 3.04m)
Bedroom Two - 9' 11'' x 8' 8'' Into wardrobes (3.01m x 2.63m)
Parking
With residents parking to rear.
Landlord Cellar - 18' 3'' x 11' 1'' (5.57m x 3.38m)
Accessed via South Street, accessed via double wooden doors off South Street with steps leading down to cellar, providing adequate landlord storage.
Rental Income
Flat 1- £100.00 PCWFlat 2- £93.75 PCWFlat 3- £90.00 PCWFlat 4- £90.00 PCWFlat 5- £105.00 PCWTotal Rental Income over 52 weeks: £24,895.00
Services
Each flat has its own electric and gas meters.
Property Features :
- Detached Investment Opportunities
- EPCs: TBC
- Five Self Contained Flats
- Four One Bedroom Flats, One Two Bedroom Flat
- Secure Communal Areas and Communal Parking