Investment property - fully let producing £16,500 pa - circa 15% gross yield

A substantial sandstone property, comprising 4 well maintained, self contained flats, conveniently situated on the corner of John Street in the town centre near all amenities. The property was the subject of extensive grant aided works in 2005 including new roof, rebuilt chimney stacks, refurbished front & side sash windows, new uPVC windows to the rear, repointing to the front & side and dashing to the rear elevation. Each flat had a new combi gas central heating system installed in February 2017. The property is fully let - (3 flats to tenants of 11, 6 & 2 years + standing and the top flat to a new tenant following a refurbishment including new kitchen and bathroom) - producing an excellent income of circa £16,500 per annum giving a potential gross yield of some 15%. Flat 14, on the ground floor has its own access from the front street, Flat 14c has its own rear access and 14a & 14b share a rear entrance and stairway.

Tenure

See Legal Pack

Flat 14c - lower ground floor

Living Room, Dining Kitchen, Bedroom, Bathroom.

Flat 14 - ground floor

Hall, Living Room, Kitchen, Bedroom, Bathroom.

Flat 14a - first floor

Hall, Living Room, Dining Kitchen, Bedroom, Bathroom.

Flat 14b - second floor

Hall, Living Room, Dining Kitchen, Bedroom, Bathroom.

Outside

Forecourt and self contained rear yard.

Viewing

Please telephone 01900 602777

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

Brockbanks Solicitors, Norham House, 71 Main Street, Cockermouth, CA13 9JS, Ref: Diana Smalley, Tel: 01900 822692

Additional Fees

Administration Charge - £720 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.