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Our Summary
- For sale by traditional online auction
- SEVEN FLAT INVESTMENT PROPERTY A rare and exciting City Centre residential investment opportunity comprising these two large period, mid-terrace properties currently comprising 7self-contained flats bringing in a gross annual income of £61,500
- The properties, which have accommodation over five floors, now offer huge scope and potential for serious residential investors, some of whom that will envisage the continuation of the current set up of a strong yielding investment
- Others however may consider the formal break up and sale of the individual units, subject to any necessary consents being obtainable
- Please refer to the auction legal pack for further information: No
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Description
The property is a rare City Centre residential investment opportunity consisting of two large period, mid-terrace properties with a total of 7 self-contained flats. The properties have accommodation over five floors and include a communal reception hallway, kitchens, living rooms, bedrooms, and bathrooms/WCs. Each property has multiple flats, with specific accommodation details as follows: No.66 Magdalen Street includes a ground floor flat with a communal reception hallway and 3 additional flats with varying layouts, and a courtyard area to the rear.
No.67 Magdalen Street includes a lower ground floor flat and a ground floor flat with a communal reception hallway and 3 additional flats with varying layouts, and a courtyard area to the rear. The properties are currently fully let on assured shorthold tenancies and have a gross annual income of £61,500.