15 bedroom block of apartments for sale

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15 bedroom block of apartments for sale

St. Peters Place, Wallingford, OX10
£1,500,000

Our Summary

  • With potential further investment all of the apartments and units have the potential to generate significantly higher returns to bring the rental yields inline with current market rates

Description

This property is located in the heart of Wallingford, a historic market town on the River Thames, and offers a unique opportunity to invest in a mix of commercial and residential units. The ground floor features five commercial units, currently occupied by established businesses, which generate £13,520 per annum in rental income. The first floor has five 3-bed duplex maisonettes, let on ASTs, which generate £51,000 per annum. The property has a total floor area of approximately 6,738 sq ft and is situated on a 0.16-acre freehold site. With potential for further investment, the apartments and units could generate significantly higher returns, bringing rental yields in line with current market rates. The town offers a range of amenities, including independent shops, restaurants, and major chains, making it an attractive location for both businesses and residents.
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