Residential investment opportunity - 4 self contained flats

A substantial block of property situated on the corner of Corporation Road and Queen Street comprising 4 self contained flats which have recently been refurbished and are capable of producing a gross yield of 16% plus at the guide price. One flat is currently let on an Assured Shorthold Tenancy at £400 per month and the other 3 are vacant following their refurbishment.

Tenure

See Legal Pack

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Ground Floor - Flat 1

Hall Living Room/Kitchen 12'9 x 12' Bedroom 11'3 x 6'3 Shower Room 6'9 x 5'6

First Floor - Flat 2

Hall Corner Sitting Room 17' x 12'3 Kitchen 12' x 6' Bedroom 9'9 x 8'6 Lobby Shower Room 7' x 5'3

Second Floor - Flat 3

Hall Corner Sitting Room 17' x 12'3 Kitchen 12' x 6' Bedroom 9'9 x 8'6 Shower Room 7'9 x 5'

Rear Ground Floor - Flat 4

Hall Living Room/Kitchen 15' x 10'3 with new range of units Bedroom 8'9 x 7'3 Shower Room 5'6 x 5'3 This flat is let on an Assured Shorthold Tenancy at £400 per month to a tenant of 5 years standing.

Energy Efficiency Rating (EPC)

Current Rating E E E E

Services

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

Local Authority

Allerdale Borough Council

Solicitors

Burnetts, 3c Lakeland Business Park, Ref: Kathryn Hill, Tel: 01900 510366

Offered in association with

First Choice Move

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.