Residential investment property producing £18,814 per annum income

A three storey terraced property comprising 3 self contained flats, all fully let on Assured Shorthold Tenancies, producing an immediate income of £18.814 per annum equating to a gross yield of approximately 14% at the guide price. This residential investment property is well presented and conveniently located close to the City centre and all amenities. The Ground Floor tenant has handed their notice to leave. One months notice from 1st August 2024. We have been informed that a monthly rent of £600pcm may now be achieved.

Tenure

See Legal Pack

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Ground Floor Flat - let at £5,494 per annum

Hall Sitting room 16'9 x 16' with bay window Bedroom 15' x 14'9 overall Dining Room 15'9 x 7'9 Kitchen 10' x 9'9 Wet room 10' x 9'3 NB: The tenant has handed in their notice to leave. One months notice from 1st August 2024. We have been informed that a monthly rent of £600pcm may now be achieved.

First Floor Flat - let at £6,660 per annum

Hall Sitting room 16'3 x 10' Kitchen 10' x 6'6 Bedroom 14'9 x 7'6 Bathroom 11'6 x 6'

Top Flat - let at £6,660 per annum

Details to follow

Energy Efficiency Rating (EPC)

Current Rating FEE

Services

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

Solicitors

Bendles Solicitors, Ref: Jack Hannah, Tel: 01228 552215

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.