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Block of 5 One Bedroom Self Contained Flats - Fully Tenanted producing £20,100 pa.
Three storey mid-terrace property which has recently been converted to provide five self contained one bedroom flats. The flats are currently all tenanted by way of AST's as follows: Flat 1 - £350 pcm Flat 2 - £300 pcm Flat 3 - £300 pcm Flat 4 - £350 pcm Flat 5 - £375 pcm (copies of leases available in legal pack) The total rental income is therefore £1,675 pcm (£20,100 pa). The property has recently been refurbished to include new fitted kitchens, floor coverings, decoration, bathrooms and is fitted with gas fired central heating. A purchase at the guide price equates to a yield of 10%. The property is situated fronting Railway Road in close proximity to Leigh Town Centre and all amenities.
Tenure
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating C,C,D,C & D
Local Authority
Wigan Metropolitan Borough Council
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £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.