This property is no longer on the market
2 bedroom flat
Key information
Property description & features
- Tenure: Freehold
- Advised Freehold - to be verified by solicitor
- <b>28 Church Street</b>: All three flats are tenanted and have AST agreements. <b>30-32 Church Street</b>: Commercial units to the ground floor are to be sold with vacant possession. All flats...
ONLINE AUCTION from 1st FEBRUARY-3rd FEBRUARY
Portfolio of mixed use development buildings.
This lot consists of three mixed used developments, generating an annual income of £75,336.
An advantage of this property is that the current vendor has renovated these properties so that that each block of flats is completed to a different standard so that they appeal to a number of different tenants.
28 Church Street: The property comprises of two, x2 bedroom flats and one, x1 bedroom flat, all of which have been renovated to a high spec. All flats are currently tenanted. The property has had complete electrical rewire, complete new gas heating system (not tested) and fully fitted kitchens as part of the refurbishment, which occurred 12 months ago. the utilities are separate so the property lends itself to a title split to be 3 individually saleable units rather than one freehold block.
30-32 Church Street: The property comprises of three commercial units and five flats, two of which are two bedroom flats and three, one bedroom flats. The commercial units are being sold with vacant possession, whereas all flats are currently tenanted. The property has gas (not tested), electric and double glazing.
36 Church Street: The property comprises of one commercial unit and four flats, two of which are two bedroom flats and two, one bedroom flats. The commercial unit is being sold with vacant possession, whereas all flats are currently tenanted. The commercial unit has gas (not tested) and electric, and the flats have electric but no gas.
Accommodation
The rental schedule for this is as follows:
FloorDescriptionRent28 Church Street
Ground FloorFlat 1£450 pcmFirst FloorFlat 2£525 pcmSecond FloorFlat 3£495 pcmTo the rear of the property is parking for approximately two cars.30-32 Church Street
Ground FloorCommercial Unit 1£385 pcmGround FloorCommercial Unit 2£385 pcm (tenancy to commence shortly)Ground FloorCommercial Unit 3£385 pcm (predicted)First FloorFlat 1 - 2 bedrooms£400 pcmFirst FloorFlat 2 - 2 bedrooms£475 pcm (12 month AST)First FloorFlat 3 - 1 bedroom£425 pcmSecond FloorFlat 4 - 1 bedroom£375 pcm (long term tenant)Second FloorFlat 5 - 1 bedroom£450 pcm36 Church Street
Ground FloorCommercial Unit 1£300 pcm (predicted)First FloorFlat 1 - 2 bedrooms£345 pcm (very long term tenant, but on currently in date AST)First FloorFlat 2 - 2 bedrooms£313 pcm (long term tenant)Second FloorFlat 3 - 2 bedrooms£450 pcmSecond FloorFlat 4 - 2 bedrooms£400 pcmAnnual Total£78,696 pa
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
28 Church Street: All three flats are tenanted and have AST agreements.
30-32 Church Street: Commercial units to the ground floor are to be sold with vacant possession. All flats are tenanted and have AST agreements.
36 Church Street: Commercial units to the ground floor are to be sold with vacant possession. All flats are tenanted and have AST agreements.
Places of interest
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