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11 bed semi-detached house
Grove Road, Burnham-on-Sea, Somerset, TA8
£1,200,000
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Our Summary
- Potential for rental growth / yield optimisation
- *** FOR SALE – EXCELLENT INVESTMENT OPPORTUNITY *** Substantial freehold block of 9 self-contained flats arranged over three storeys, plus gardens and double garage
- Attractive coastal town location, just off the seafront Strong, consistent income stream Potential for rental growth / yield optimisation Full Description: An excellent opportunity to acquire a fully tenanted block of nine self-contained flats/studio flats, positioned within a well-established residential area of Burnham-on-Sea
- 5% The block benefits from stable occupancy and consistent rental performance and offers scope for future rental uplift subject to market conditions
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Description
The property is a substantial freehold block of 9 self-contained flats arranged over three storeys, plus gardens and a double garage. The building is located just off the seafront in a coastal town and is fully let with established tenancies, generating a gross annual income of approximately £67,380. Each unit is a studio flat and is arranged over three floors.
The block is presented in good condition throughout and offers a consistent income stream and potential for rental growth or yield optimisation.