18th January 2019
This investment property provides 7 apartments of which four are duplex 3 of which are two bedroomed.
The property was completely renovated about 3 years ago and is presented to a very good standard all units having separate service connections , with gas central heating and modern UPVc windows.
Each apparent is let by way of an assured shorthold tenancy and producing a gross income of £37,000 per annum . Each tenant pays there own services and council tax. The flats are of a generous proportion and the rent averages at £440pcm which is considered slightly low for accommodation of this size.
The freehold interest is being offered at £495,000 (circa £70,000 per flat) with reasonable offers being considered .