9 bedroom apartment for sale

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9 bedroom apartment for sale

Princes Street, Yeovil, Somerset, BA20
£550,000

Our Summary

  • A superb investment opportunity in the centre of Yeovil, consisting of six occupied rental flats, currently providing annual income of £38,600 with potential for further uplift
  • The property has potential to provide annual rental income of approximately £44,000 per annum
  • The property provides an attractive residential investment opportunity

Description

A six-flat property in the center of Yeovil, currently generating £38,600 in annual income with potential for further growth. The property consists of three two-bedroom and three one-bedroom flats, each let on long leases with a remaining term of 122 years. The flats have been recently renovated and are well maintained, with low running costs for the landlord. The property is offered on a long leasehold basis with a passing ground rent of £50 per annum, per flat. The location is convenient for shopping, business, cultural, and leisure activities, with Yeovil Penn Mill train station nearby and bus stops within the area. The EPC ratings for the flats are as follows: Flat 1 - Band D, Flat 2 - Band D, Flat 3 - Band D, Flat 4 - Band C, Flat 5 - Band C, and Flat 6 - Band D.
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