Basin Lane, Tamworth B77 4 bed block of apartments for sale

>

Basin Lane, Tamworth B77 4 bed block of apartments for sale

Basin Lane, Tamworth B77
£350,000

Our Summary

  • INVESTMENT OPPORTUNITY
  • Investment opportunity

Description

Webbs Estate Agents is offering a rare investment opportunity to purchase three tenanted apartments, each with 980 years remaining on the lease term, in a popular development within walking distance of Tamworth Town Centre and Train Station. The apartments, built in 2005, comprise a mix of one and two bedrooms, with modern kitchens and bathrooms. With a current rental income of £25,800 per annum, the property offers a 7.37% yield. The leases all have 980 years remaining, and the annual ground rent and service charges are £1,553.62, £1,017.58, and £1,144.78 for each apartment, respectively. With allocated and visitor parking, communal gardens, and secure intercom access, this property is an attractive investment opportunity for those looking for a hassle-free rental income. Viewing is advised.