This property is a bay-fronted residential investment with four units in a sought-after location, offering an informed rental income of £29,700 per annum, representing an initial gross yield of circa 12%. The building is of brick/stone construction and is in generally good order, with some flats benefiting from modernization. The property comprises a shared entrance hall, two ground floor flats, and two upper floor apartments, each with its own kitchen and bathroom. The flats are let out at various rents, ranging from £500 to £750 per month. The property is being sold freehold, and the buyer will need to pay a buyer's premium of 1.2% with a minimum of £1,200 (inc VAT) on exchange of contracts. The guide price is £245,000, and the reserve price will be within + or - 10% of this figure. Viewings are available by appointment with the auctioneers, Seel and Co.