House For Sale £305,000
A superb investment opportunity. We are pleased to offer for sale this stone built Victorian terraced property consisting of four separate apartments and situated within walking distance of pavilion gardens. Currently fully let and producing an annual income of £21,600. Gated parking to the rear. Early viewing highly recommended.
Apartment 1 - Ground Floor
Hallway
Living Room with Kitchen area 16'1 x 12'1
Bathroom
Double Bedroom 10'9 x 8'2
Apartment 1A - Ground & Lower Ground Floor
Living Room 11'9 x 10'3 into bay
Kitchen 7'11 x 6'4
Utility Room
Bathroom
Lower Ground Floor Double Bedroom 14'5 x 14'0
Apartment 2 - First Floor
Hallway
Living Room 13'11 x 10'8
Kitchen 8'5 x 5'2 plus recess
Bathroom
Bedroom One 16'6 x 8'7 into bay
Study/Bedroom Two 10'4 x 7'10
Apartment 3 - Second Floor
Living Room 16'7 x 6'9
Kitchen 10'7 x 5'8
Bedroom 13'7 x 8'4
Bathroom
Externally
Externally there is gated parking to the rear together with walled garden frontage.
Rental Figures
We understand from our client that each of the four apartments within the building pay a rent of £450 per calendar month - giving a current gross return of £21,600 per annum, therefore offering a yield in the region of 7%.
It is thought that this could well be improved should a buyer decide to improve the apartments and then look to increase the rental figures.
Please Note
Any photos of the local area such as Pavilion Gardens and The Opera House are for illustration purposes only and are not included within the sale.
Apartment 1 - Ground Floor
Hallway
Living Room with Kitchen area 16'1 x 12'1
Bathroom
Double Bedroom 10'9 x 8'2
Apartment 1A - Ground & Lower Ground Floor
Living Room 11'9 x 10'3 into bay
Kitchen 7'11 x 6'4
Utility Room
Bathroom
Lower Ground Floor Double Bedroom 14'5 x 14'0
Apartment 2 - First Floor
Hallway
Living Room 13'11 x 10'8
Kitchen 8'5 x 5'2 plus recess
Bathroom
Bedroom One 16'6 x 8'7 into bay
Study/Bedroom Two 10'4 x 7'10
Apartment 3 - Second Floor
Living Room 16'7 x 6'9
Kitchen 10'7 x 5'8
Bedroom 13'7 x 8'4
Bathroom
Externally
Externally there is gated parking to the rear together with walled garden frontage.
Rental Figures
We understand from our client that each of the four apartments within the building pay a rent of £450 per calendar month - giving a current gross return of £21,600 per annum, therefore offering a yield in the region of 7%.
It is thought that this could well be improved should a buyer decide to improve the apartments and then look to increase the rental figures.
Please Note
Any photos of the local area such as Pavilion Gardens and The Opera House are for illustration purposes only and are not included within the sale.
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