House For Sale £1,400,000
A fantastic investment opportunity to purchase this fully let block of flats generating an annual income of £74,880 and based on the current rent, producing a gross current yield of 4.45% per annum.
The block of consists of 3 x 1 bed flats, 1 x super studio flat, 3 x studio flats (one with a small garden).
Internally the flats are comprised of a kitchen, lounge/bedroom and bathroom. Each flat provides an abundance of natural light and is larger than average, providing ample space. The flats have been regularly maintained to a good standard and come with gas central heating.
The property is located within walking distance to Watford Junction and the town centre with many amenities on offer including the Atria Shopping Centre, restaurants, pubs and cafes, bowling and multiplex cinema.
Each property is qualified for their own individual gas, electric, water accounts as well as council tax but has the attractive benefit of being sold under a Single Freehold Title.
Flat 1: A Super Studio flat located on the ground floor comprised of a kitchen, reception/bedroom and bathroom, area 28m2. Gas Central Heating. UPVC double glazing. Current Rent Achieved £950 pcm.
Flat 2: A One Bedroom flat located on the first floor comprised of a kitchen, reception, bathroom and bedroom, area 30m2. Gas Central Heating. UPVC double glazing. Current Rent Achieved £880 pcm.
Flat 3: A large One Bedroom flat located on the first floor comprised of a kitchen, reception, bathroom and bedroom, area 37m2. Gas Central Heating. UPVC double glazing. Current Rent Achieved £950 pcm.
Flat 4: A One Bedroom flat located on the first floor comprised of a kitchen, reception, bathroom and bedroom, area circa 40m2. Gas Central Heating. UPVC double glazing. Current Rent Achieved £950 pcm.
Flat B: A Studio flat located on the ground floor comprised of a kitchen with areas for lounge and bedroom and bathroom, area 32m2. Gas Central Heating. UPVC double glazing. Current Rent Achieved £800 pcm.
Flat C: A Studio flat located on the ground floor comprised of a kitchen with areas for lounge and bedroom and bathroom, area 32m2. Gas Central Heating. UPVC double glazing. Current Rent Achieved £835 pcm.
Flat D: A Studio flat located on the ground floor comprised of a kitchen with areas for lounge and bedroom and bathroom, area 34m2. Gas Central Heating. UPVC double glazing. Leading to small private garden. Current Rent Achieved £875 pcm.
The block of consists of 3 x 1 bed flats, 1 x super studio flat, 3 x studio flats (one with a small garden).
Internally the flats are comprised of a kitchen, lounge/bedroom and bathroom. Each flat provides an abundance of natural light and is larger than average, providing ample space. The flats have been regularly maintained to a good standard and come with gas central heating.
The property is located within walking distance to Watford Junction and the town centre with many amenities on offer including the Atria Shopping Centre, restaurants, pubs and cafes, bowling and multiplex cinema.
Each property is qualified for their own individual gas, electric, water accounts as well as council tax but has the attractive benefit of being sold under a Single Freehold Title.
Flat 1: A Super Studio flat located on the ground floor comprised of a kitchen, reception/bedroom and bathroom, area 28m2. Gas Central Heating. UPVC double glazing. Current Rent Achieved £950 pcm.
Flat 2: A One Bedroom flat located on the first floor comprised of a kitchen, reception, bathroom and bedroom, area 30m2. Gas Central Heating. UPVC double glazing. Current Rent Achieved £880 pcm.
Flat 3: A large One Bedroom flat located on the first floor comprised of a kitchen, reception, bathroom and bedroom, area 37m2. Gas Central Heating. UPVC double glazing. Current Rent Achieved £950 pcm.
Flat 4: A One Bedroom flat located on the first floor comprised of a kitchen, reception, bathroom and bedroom, area circa 40m2. Gas Central Heating. UPVC double glazing. Current Rent Achieved £950 pcm.
Flat B: A Studio flat located on the ground floor comprised of a kitchen with areas for lounge and bedroom and bathroom, area 32m2. Gas Central Heating. UPVC double glazing. Current Rent Achieved £800 pcm.
Flat C: A Studio flat located on the ground floor comprised of a kitchen with areas for lounge and bedroom and bathroom, area 32m2. Gas Central Heating. UPVC double glazing. Current Rent Achieved £835 pcm.
Flat D: A Studio flat located on the ground floor comprised of a kitchen with areas for lounge and bedroom and bathroom, area 34m2. Gas Central Heating. UPVC double glazing. Leading to small private garden. Current Rent Achieved £875 pcm.
