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9 bed flat
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Our Summary
- Reversionary Potential To Approx £84,600 Per Annum
- Sold As A Single Lot Investment Opportunity
- Several units are below prevailing market rent levels, providing clear scope for phased rental growth
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Description
The property is a substantial freehold portfolio comprising three adjoining buildings and nine self-contained one-bedroom flats. The portfolio includes 253 High Town Road with three one-bedroom flats, 257 High Town Road with four one-bedroom flats, and 259 High Town Road with two one-bedroom flats. The units are self-contained and let on residential tenancies, with a current gross income of approximately £77,100 per annum and an estimated fully adjusted income of £84,600 per annum.
The EPC ratings range from C to D, and the properties have a mixture of gas central heating and electric systems.