House For Sale £450,000
+++cph are delighted to be presenting to the market this ideal investment opportunity. A block of five, refurbished one bedroom apartments, which do have the potential to generate approximately £33,000 per annum (gross income if let on AST's and potentially more as holiday lets). The apartments occupy a sought after town centre location and can be sold with the freehold and parking space at the rear if required+++
The apartments occupy a sought after town centre location and can be sold with vacant possession and the freehold. All five apartments are on 999 year leases. Utilities and services to each apartment are separate and we have not been made aware of any restrictions, the maintenance agreement in place is yet to be confirmed but will be approximately £600 per annum with a ground rent of £50 per annum. The apartments have been refurbished to an excellent standard throughout with modern kitchens and bathrooms. The property is divided into five apartments with the Garden Apartment comprising on the basement level; an entrance hall with a door into a feature lounge with a bay window, modern style fitted kitchen, double bedroom with a three piece shower en-suite leading off. Flat 1 comprises; entrance hall with storage, a bay fronted lounge, modern fitted kitchen, a double bedroom with built-in storage and an en-suite modern shower room. Both Flat 2 and 3 comprise; entrance hall, an open plan lounge/kitchen fitted with modern units, a double bedroom with built-in storage and en-suite shower rooms. Furthermore, Flat 4 comprises; entrance with stairs to the top floor and a half landing providing a modern three-piece bathroom suite. On the top floor lies a landing, an open plan lounge/kitchen with modern units and a double bedroom with built-in storage.
Garden Apartment:
Entrance Hall (24' 11'' x 6' 7'' max (7.6m x 2.0m))
Lounge (17' 5'' max into bay x 14' 1'' (5.3m x 4.3m))
Kitchen (11' 10'' x 6' 7'' (3.6m x 2.0m))
Bedroom (12' 2'' max x 9' 10'' (3.7m x 3.0m))
Bathroom (12' 2'' max x 5' 7'' (3.7m x 1.7m))
Flat 1:
Entrance Hall
Lounge (17' 9'' max x 13' 5'' max (5.4m x 4.1m))
Kitchen (13' 1'' x 6' 3'' (4.0m x 1.9m))
Bedroom (11' 10'' max x 9' 10'' max (3.6m x 3.0m))
Shower Room (11' 2'' x 5' 3'' (3.4m x 1.6m))
Flat 2:
Entrance Hall.
Lounge (16' 5'' max x 13' 5'' (5.0m x 4.1m))
Open plan to:
Kitchen (13' 9'' x 4' 11'' (4.2m x 1.5m))
Bedroom (11' 6'' max x 10' 10'' (3.5m x 3.3m))
En-Suite Shower Room
Flat 3:
Entrance Hall..
Lounge. (16' 5'' max x 13' 5'' (5.0m x 4.1m))
Open plan to:
Kitchen. (13' 9'' x 4' 11'' (4.2m x 1.5m))
Bedroom. (11' 6'' max x 10' 10'' (3.5m x 3.3m))
En-Suite Shower Room.
Flat 4:
Entrance Hall...
With stairs and a half landing to:
Bathroom (6' 7'' max x 6' 3'' max (2.0m x 1.9m))
Landing
Lounge/Kitchen (17' 1'' max x 14' 1'' max (5.2m x 4.3m))
Bedroom (15' 1'' x 9' 10'' max (4.6m x 3.0m))
Other:
Tenure
The apartments will be assigned 999 year leases upon completion and we have not been made aware of any restrictions, the maintenance agreement in place is yet to be confirmed but will be approximately £600 per annum with a ground rent of £50 per annum.
Details Prepared
Tlpf/111121
The apartments occupy a sought after town centre location and can be sold with vacant possession and the freehold. All five apartments are on 999 year leases. Utilities and services to each apartment are separate and we have not been made aware of any restrictions, the maintenance agreement in place is yet to be confirmed but will be approximately £600 per annum with a ground rent of £50 per annum. The apartments have been refurbished to an excellent standard throughout with modern kitchens and bathrooms. The property is divided into five apartments with the Garden Apartment comprising on the basement level; an entrance hall with a door into a feature lounge with a bay window, modern style fitted kitchen, double bedroom with a three piece shower en-suite leading off. Flat 1 comprises; entrance hall with storage, a bay fronted lounge, modern fitted kitchen, a double bedroom with built-in storage and an en-suite modern shower room. Both Flat 2 and 3 comprise; entrance hall, an open plan lounge/kitchen fitted with modern units, a double bedroom with built-in storage and en-suite shower rooms. Furthermore, Flat 4 comprises; entrance with stairs to the top floor and a half landing providing a modern three-piece bathroom suite. On the top floor lies a landing, an open plan lounge/kitchen with modern units and a double bedroom with built-in storage.
Garden Apartment:
Entrance Hall (24' 11'' x 6' 7'' max (7.6m x 2.0m))
Lounge (17' 5'' max into bay x 14' 1'' (5.3m x 4.3m))
Kitchen (11' 10'' x 6' 7'' (3.6m x 2.0m))
Bedroom (12' 2'' max x 9' 10'' (3.7m x 3.0m))
Bathroom (12' 2'' max x 5' 7'' (3.7m x 1.7m))
Flat 1:
Entrance Hall
Lounge (17' 9'' max x 13' 5'' max (5.4m x 4.1m))
Kitchen (13' 1'' x 6' 3'' (4.0m x 1.9m))
Bedroom (11' 10'' max x 9' 10'' max (3.6m x 3.0m))
Shower Room (11' 2'' x 5' 3'' (3.4m x 1.6m))
Flat 2:
Entrance Hall.
Lounge (16' 5'' max x 13' 5'' (5.0m x 4.1m))
Open plan to:
Kitchen (13' 9'' x 4' 11'' (4.2m x 1.5m))
Bedroom (11' 6'' max x 10' 10'' (3.5m x 3.3m))
En-Suite Shower Room
Flat 3:
Entrance Hall..
Lounge. (16' 5'' max x 13' 5'' (5.0m x 4.1m))
Open plan to:
Kitchen. (13' 9'' x 4' 11'' (4.2m x 1.5m))
Bedroom. (11' 6'' max x 10' 10'' (3.5m x 3.3m))
En-Suite Shower Room.
Flat 4:
Entrance Hall...
With stairs and a half landing to:
Bathroom (6' 7'' max x 6' 3'' max (2.0m x 1.9m))
Landing
Lounge/Kitchen (17' 1'' max x 14' 1'' max (5.2m x 4.3m))
Bedroom (15' 1'' x 9' 10'' max (4.6m x 3.0m))
Other:
Tenure
The apartments will be assigned 999 year leases upon completion and we have not been made aware of any restrictions, the maintenance agreement in place is yet to be confirmed but will be approximately £600 per annum with a ground rent of £50 per annum.
Details Prepared
Tlpf/111121
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