If you are looking for a fantastic investment opportunity then this stunning centrally located period building could be the one for. This charming property has not been on the open market for over 20 years and the current vendor has managed and maintained the building with great care and attention. The building consists of eight flats with an annual income in excess of £50,000+ Per Annum. The location of the property is in a prime position adjacent to Weston College and just two minutes from the beach and town. All the tenants are long standing and happy to stay so the property would be bought with instant income. The property comes with a double garage with additional rental income should you wish. The main building also has a secure mangers office and private toilet.
Flat One
Description
This is a very spacious ground floor flat with the potential to spilt into two. Current rental return £600 pcm
Rooms
Entrance Hall
Lounge 19'4 x 15'8
Kitchen 13'4 x 8'
Double Bedroom 14'2 x 11'9 With Shower
Separate WC
Flat Two
Description
This is a self contained first floor flat. Current rental return £540 pcm
Rooms
Entrance Hall
Open Plan Living Area 15'9 x 12'11
Bedroom 15'3 x 6' With Shower
Separate WC
Flat Three
Description
This is first floor flat with a detached private shower room/toilet situated along the corridor. Current rental return of £500 pcm
Rooms
Open Plan Living Area/bedroom 14' x 12'
Shower Room 6'8 x 6'8
Flat Four
Description
This is a self contained second floor flat . Current rental return of £540 pcm
Rooms
Entrance Hall
Open Plan Living Area 15'9 x 12'11
Bedroom 15'3 x 6' With Shower
Separate WC
Flat Five
Description
This is second floor flat with a detached private shower room/toilet situated along the corridor. Current rental return of £500 pcm
Rooms
Open Plan Living Area/bedroom 14' x 12'
Shower Room 6'8 x 6'8
Flat Six
Description
This is a third floor self contained flat. Current rental return of £560 pcm
Rooms
Entrance hall
Lounge 12' x 12'7
Kitchen 8'6 x 5'6
Bedroom 8'7 x 8'3
Shower Room 8'6 x 3'
Flat Seven
Description
This is a self contained ground floor flat that has its own entrance to side of the property shared with flat 8. Current rental return of £580 pcm
Rooms
Entrance Hall
Open Plan Living Area 15'2 x 12'7
Bedroom 12' x 6'2
Shower Room 8'4 x 3'7
Flat Eight
Description
This is a self contained ground floor flat with a courtyard garden. Current rental return of £500 pcm
Rooms
Entrance Hall
Living Area 14' x 12'
Kitchen 6'3 x 5'1
Shower Room 6'3 x 5'1
Managers Office
On the first floor there is a secure managers office and private toilet.
Double Garage (18'2 x 17'2 (5.54m x 5.23m))
With remote roller shutter door. Power and light. The vendor informs Saxons there is potential to rent the garage for additional £150-£200 pcm
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.