House For Sale £350,000
We are bringing to the market a substantial freehold large semi-detached Victorian Villa located in the popular residential area of Fairfield. The property is on approx 7,000 square feet of land with potential for development to add further units.
The property currently has four spacious flats over three floors, two of which have been leased out for 999 years, from 1986 with peppercorn rents (flat 2 and 4). There is also a huge basement with the potential to convert into a further four units subject to necessary consent.
The property configuration is as follows:
Basement: Potential to add four further units subject to necessary consent.
Ground floor: 2 x 1 bed flats
First floor: 1 x 3 bed flat
Second floor: 1 x 1 bed flat
There is off street parking to the front of the property for 6/7 cars and a substantial rear garden with potential to add a further 14 units to the rear subject to consent.
If a further 18 units is added to the property the potential rental income would be in the excess of £145,000 per annum.
Suitable for cash buyers.
Open to offers over £350,000
The property currently has four spacious flats over three floors, two of which have been leased out for 999 years, from 1986 with peppercorn rents (flat 2 and 4). There is also a huge basement with the potential to convert into a further four units subject to necessary consent.
The property configuration is as follows:
Basement: Potential to add four further units subject to necessary consent.
Ground floor: 2 x 1 bed flats
First floor: 1 x 3 bed flat
Second floor: 1 x 1 bed flat
There is off street parking to the front of the property for 6/7 cars and a substantial rear garden with potential to add a further 14 units to the rear subject to consent.
If a further 18 units is added to the property the potential rental income would be in the excess of £145,000 per annum.
Suitable for cash buyers.
Open to offers over £350,000
