Property description
REDUCED. 16 SELF-CONTAINED FLATS FOR SALE .Camperdown is a delightful avenue of period housing within a conservationarea, just off Marine Parade towards the southern end. The area is a mix ofprivate residential housing, hotels and permanent flats. The propertycomprises of two of these delightful houses (actually built on three plots andtherefore larger than the others) comprising of 16 flats on four floors. Eachflat is self contained and eight recently refurbished. All the flats are letand income producing.
The Flats
11 x one bedroom units2 x two bedroom units 3x three bedroom units (2 with 2 bathrooms or equivalent)
Planning
The house was originally converted with the benefit of planning consent many years ago and the basic design remains the same. The refurbishment and upgrading which is reflected in the new level of rents, has not interfered in the basic layout of the flats.
Agreements
A copy of the Assured Shorthold Agreements is available on request.
Rent
Nearly 10% return.
Services
Mains water, electricity and drainage.
Possession
As let
Accommodation
Full details area available on request.
Modernisation
In recent years, 10 flats have been modernised, this consists of sound and heat insulation, re-wiring and re-plumbing.
EPC
The energy efficiency rating for all of the flats is Band F and potential to Band B.
Tenure
Freehold
VAT
All rents and prices are quoted nett of VAT. In the event of buildings being classed as \"Taxable Buildings\", or owners deciding to opt for buildings to be classed as such, all prices or rents quoted will be subject to the addition of VAT at the standard rate.
Property Features :
- 15 flats as let and producing a gross rental of £65,000
- Manager´s flat estimated rental value of £4,800
- All flats are let on Assured Shorthold Tenancies.
- 98% occupancy for the last 24 months
- External renovation including new roofs, re-pointed walls and new boundaries