Property description
PORTFOLIO FOR SALE WITH TENANTS IN SITU!
A rare opportunity to purchase eight leasehold flats conveniently located in the town centre. The portfolio is currently generating an annual rental income of £40,440. This produces a gross yield of approximately 5.1% (subject to market conditions).
Ground floor studio flat with electric heating, living area, kitchen and shower room.
Ground floor one bedroom flat with kitchen/lounge, bathroom and gas central heating.
One bedroom first floor flat with entrance hall, kitchen, lounge, bathroom and gas central heating.
Two bedroom first floor flat with entrance hall, kitchen, bathroom, lounge and gas central heating.
One bedroom second floor flat with lounge, kitchen, bathroom and gas central heating.
One bedroom second floor flat with lounge, bathroom, kitchen and gas central heating.
One bedroom third floor flat with kitchen/lounge, bathroom and gas central heating.
One bedroom third floor flat with lounge/kitchen and bathroom.
Freeholder - Groundrents UK Ltd
Length of lease - 125 years from 4th March 2008
Ground rent - £1325.00 per annum
These particulars do not form part of a contract to purchase. Their contents should be confirmed by the vendors solicitor prior to any exchange of contracts. We have not been able to test the appliances and recommend that prospective purchasers arrange for the checks to be carried out before entering into any commitment.
Property Features :
- Portfolio for sale
- Eight town centre flats
- Tenants in situ
- Annual rental income of £39,420
- Gross yield of 4.6%