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4 bed flat
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Our Summary
- The block also has scope to increase the rents in excess of £40,000 per annum with some refurbishments
- Investment Potential Freehold block currently fully let and generating £32,100 per annum with scope to increase to £40,000+
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Description
The property is a freehold block containing four fully let apartments, with one studio apartment, two one-bedroom apartments, and a two-bedroom apartment. The apartments are located on multiple levels, with a communal hallway connecting the units. Each apartment has a kitchen with matching range of base and eye-level units, a bathroom with a three-piece suite, and a living/dining area with double-glazed windows.
The block also features two single garages. The property has a total floor area of approximately 1,000 square feet and offers investment potential with a current gross yield of over 9% and scope to increase the rents in excess of £40,000 per annum with some refurbishments.