House For Sale £1,750,000
INVESTMENT OPPORTUNITY Modern purpose built detached freehold building comprising five one, two and three bedroom apartments all currently let on assured shorthold tenancies and producing an income of £64,740 per annum.
The accommodation is arranged over four three floors, and benefits from double glazing and gas central heating with individually metered utilities. Each property has its own character and charm, some are arranged over multiple floors and flat D has the benefit of a private balcony. To the rear is an area of communal garden available fo the use of all apartments.
There is further potential for a new dwelling in what is currently a carport/store area and the current owner is in the process of obtaining consent for an additional one bedroom dwelling to the rear of the property.
Each apartment benfits from an off road parking space on the block paved driveway to the front of the building.
Barracks Lane is located just off the popular Cowley Road, the local area has a vibrant community feel with many local amenities including the Pegasus Theatre, the Rusty Bicycle Pub, Oli's Thai restaurant and the highly regarded Magdalen Arms gastropub to name but a few. For those commuting out of the city, there is good access to the ring road, A34 and A40 as well as the train station in the city centre.
