City centre residential investment property - 4 flats

A three storey town house situated near the City centre which comprises 3 self contained flats plus a separate fourth unit at the rear. The first floor flat is let on an Assured Shorthold Tenancy at £81 per week, the rear Coach House is let at £220 per month on a regulated tenancy - see legal pack. Two flats are vacant. The immediate income is £6,852 per annum with potential to provide a gross yield in excess of 16% when fully let.

Tenure

See Legal Pack

Ground Floor Flat 1 - vacant

Sitting Room - 15' x 12'9 + bay; Inner Hall; Bedroom - 13'9 x 13'6 overall; Kitchen - 10' x 10'; Utility ; Bathroom - 9'9 x 5'.

First Floor Flat 2 - let at £81 per week

Hall; Sitting Room - 13' x 11'3; Bedroom - 13' x 8'; Kitchen - 13'9 x 6'9; Bathroom - 9'6 x 5'.

First Floor rear landing - 2 vacant rooms

Rear Room - 9'9 x 9'6; Side Room (former bathroom) - 11' x 6'6

Second Floor Flat 3 - vacant

Hall; Sitting Room - 12'9 x 11'9; Bedroom - 13'3 x 8'6; Kitchen - 13'9 x 6'9; Shower Room - 5'6 x 5'.

Coach House

This is a separate unit at the rear of the property which we understand is let at £220 per month on a regulated tenancy. We have not had access to this part of the property and no viewings of it are possible.

Viewing

Please telephone 01228 510552

Energy Efficiency Rating (EPC)

Current Rating D C D

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Carlisle City Council

Additional Fees

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.