Land For Sale £1,300,000
An opportunity to purchase 12 x 1 bedroom apartments all let on ASTS producing an income of circa £79,500 plus three building plots with full planning consent
An opportunity to purchase 12 one-bedroom apartments, which are spread across two blocks, all are currently let on assured shorthold tenancies producing a current income of circa £79,500 per annum.
The parking area currently has full detailed planning consent for 3 three storey three bedroom link detached houses, two of which have garages.
Set adjacent to Stone Lodge Park the apartments comprise of two blocks of 6 one bedroom apartments spread over two floors.
All apartments have a sitting room, separate kitchen, a bedroom and a bathroom. They are all double glazed and based on the information provided by the Energy Performance Certificates all have gas central heating.
At present the apartments produce a combined income of circa £79,500 per annum, however based on current rental values if the rents were reviewed we would estimate this could be increased to around £94,000 per annum.
To the rear of the block there is a substantial parking area which currently has full planning consent for 3 three storey three bedroom link-detached properties. This can be found under planning reference IP/22/01048.
Unit one has a gross square footage of circa 1,150 sq.ft. with units two and three having circa 1,300 sq.ft. each. Units two and three also have a garage, car parking would still remain for the existing apartments.
Directions
Using IP2 9QA on Satellite Navigation system and upon entering Lakeside Road via Dunlin Road the two blocks can be found on the right hand side, adjacent to Stonelodge Park.
Important Information
Council Tax Band for all apartments - A
Services - Mains water, drainage, gas and electricity are connected.
Tenure - Freehold
EPC rating for 11 apartments - C; 1 apartment D
Agents note
The images and floorplan shown are for 46 Lakeside Road, at present we have been unable to fully inspect all the remaining 11 apartments.
An opportunity to purchase 12 one-bedroom apartments, which are spread across two blocks, all are currently let on assured shorthold tenancies producing a current income of circa £79,500 per annum.
The parking area currently has full detailed planning consent for 3 three storey three bedroom link detached houses, two of which have garages.
Set adjacent to Stone Lodge Park the apartments comprise of two blocks of 6 one bedroom apartments spread over two floors.
All apartments have a sitting room, separate kitchen, a bedroom and a bathroom. They are all double glazed and based on the information provided by the Energy Performance Certificates all have gas central heating.
At present the apartments produce a combined income of circa £79,500 per annum, however based on current rental values if the rents were reviewed we would estimate this could be increased to around £94,000 per annum.
To the rear of the block there is a substantial parking area which currently has full planning consent for 3 three storey three bedroom link-detached properties. This can be found under planning reference IP/22/01048.
Unit one has a gross square footage of circa 1,150 sq.ft. with units two and three having circa 1,300 sq.ft. each. Units two and three also have a garage, car parking would still remain for the existing apartments.
Directions
Using IP2 9QA on Satellite Navigation system and upon entering Lakeside Road via Dunlin Road the two blocks can be found on the right hand side, adjacent to Stonelodge Park.
Important Information
Council Tax Band for all apartments - A
Services - Mains water, drainage, gas and electricity are connected.
Tenure - Freehold
EPC rating for 11 apartments - C; 1 apartment D
Agents note
The images and floorplan shown are for 46 Lakeside Road, at present we have been unable to fully inspect all the remaining 11 apartments.
