Property description
A freehold investment opportunity currently arranged as three individual one bedroom flats. They are currently rented on Assured Shorthold Tenancies producing a gross monthly revenue of: £1,228.00. This well located property is within the town centre with all amenities nearby.
Communual Hallway
Access to the ground floor flat and stairs leading to first floor.
Flat A - £400.00 PCM
Ground Floor. Currently let on a periodic tenancy. Double glazed windows to front and rear, Small Living/Kitchen with internal shower room and separate double bedroom. Electric Convector and fan heating. Approximately 240sqft.
Services
Electricity, mains water and drainage are connected.
Council Tax Band
A - £1035.98 2015/16 Mendip District Council.
Flat B - £400.00 PCM
First Floor. Currently let on a periodic tenancy. Double glazed windows to front and rear, Living/Kitchen Space with internal shower room and separate small double bedroom. Electric convector and fan heating. Approximately 240sqft.
Services
Electricity, mains water and drainage are connected.
Council Tax Band
A - £1035.98 2015/16 Mendip District Council.
Flat C - £428.00 PCM
Top floor. Currently let on a periodic tenancy. Double glazed windows to front and rear. Good-sized Living/Kitchen space with internal bathroom and separate double bedroom. Electric convector and fan heating. Approximately 320sqft.
Services
Electricity, mains water and drainage are connected.
Council Tax Band
A - £1035.98 2015/16 Mendip District Council.
Sellers Comments
I have owned this building for the past 12 years and have lost only 4 weeks rent between tenancies. I have recently started spending the winter months out of the country so it makes sense for someone else to now enjoy this investment.
Property Features :
- Freehold Investment Opportunity
- 3 Small One Bedroom Flats
- Assured Shorthold Tenancies
- Grossing: £14,700 Per Annum
- Within Walking Distance To Town