St Marks Road, Tipton, DY4 4 bed flat for sale

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St Marks Road, Tipton, DY4 4 bed flat for sale

St Marks Road, Tipton, DY4
£99,000

Our Summary

  • With rent uplifts, the property has the potential to generate even higher returns
  • CONFIRM EXISTENCE & NATURE OF ANY KNOWN PLANNING OR PROPOSALS FOR DEVELOPMENT
  • Fantastic Ready Made High Yielding Investment Opportunity
  • Potential To Generate More Revenue with Rent Uplifts

Description

This is a multi-let duplex apartment investment, comprising four self-contained studio flats, each with a kitchenette and en-suite shower room. The property is let and generating a gross yield of 20.3%, with the potential for rent uplifts to increase returns. The development features a communal garden and off-street parking, and is located near a bus stop and within walking distance of local shops, pubs, and parks. The lease expires in 2084, with the option to extend for a further 90 years. The property is currently let on individual ASTs, with tenants paying between £400 and £475 per month. The agent notes that the property is a flexible and buyer-friendly investment opportunity, with a buyer's fee of 2% of the purchase price payable upon offer acceptance.
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