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10 bed property
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Our Summary
- Investment/Development Opportunity
- Scope to increase rents
- 92pa from 5 tenanted units, with clear potential to uplift rents and boost returns
- **Early viewing essential** An outstanding investment opportunity offering an immediate return with a healthy yield of approximately 7
- 4%, alongside strong potential for increased rental income - as all tenants are now out of contract
- 66 to £475 pcm (with scope for increase) Breakdown: 10 (a): £475 pcm 10 (b): £346
- 66 pcm 12 (1): £375 pcm 12 (2): £390 pcm 12 (5): £390 pcm Can be sold with tenants in situ EPC Ratings Ratings: C & D Expiry dates: Between August 2032 and September 2035 This property represents an excellent opportunity for investors seeking a ready-made rental portfolio with immediate income and clear potential for further growth
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Description
The property is a ready-made rental portfolio located at 10-12 Mallaby Street, featuring 7 flats. It includes 2 flats at No. 10, consisting of a 3-bedroom flat with 1 reception room and a kitchen, and a 1-bedroom flat with 1 reception room and a kitchen. No. 12 contains 5 flats, comprising 2 two-bedroom units and 3 one-bedroom units, each with 1 reception room, 1 bathroom, and a kitchen.
The property currently yields approximately 7.4% with a monthly income of £23,719.92pa from 5 tenanted units, and has potential for increased rental income as all tenants are now out of contract. The property sits on a freehold tenure with a council tax band of A, and features a communal garden and on-street parking. The EPC ratings range from C to D, with an expiry date between August 2032 and September 2035.