Property description

*** UNDER OFFER *** This pleasantly modernised top floor apartment is offered for sale as an investment opportunity with existing tenants on a short term lease due to expire on 3/8/2015. The property is HMO Licensed, with a present rental income of £1,200/CM increasing to £1,320/CM upon commencement of a new lease in August 2015. The annual yield is 9.4%, and a copy of the Short Assured Tenancy Agreement can be made available to any interested party.Contained within a four storey stone built tenement, and built around a central hallway, the property has been adapted to offer four bedrooms, a spacious front facing living room, a fitted/equipped kitchen, and a bright interestingly shaped bathroom incorporating an electric shower fitting over the bath. Benefits include gas fired central heating, double glazed windows, and a security entry phone system. The original decorative cornice work has been retained within the living room, while most floors have been sanded and sealed. Ample on-street parking is available.