11 bed Flat For Sale £550,000
A substantial property consisting of two adjoining buildings, comprising of 9 self-contained flats ( mix of studio, one bed & two beds ), held on one title, and producing circa £52,000 per annum.
Opportunity for rent increases as many tenants are long-standing and let at under market rate.
7 of the 9 apartments come with an EPC C rating. The property is double glazed, and majority of units have gas central heating. The two units with EPC D rating have electric heating.
The units are in good order although could benefit from some modernisation in part. Attached are photos for reference from a few of the units.
Further information, including income sheet and walk through videos, is available upon request.
The property is held on an 863-year lease (999 year from 1887) with a ground rent at £3.74 per annum.
