This well set up residential building provides a total of 7 flats being a mix of studios and 1 beds each with its own entrance. There is a car park with 9 spaces , outside bin area and drying area. 2 of the flats are managed by letting agents , all are let out on AST's. Guide Price £800,000 with a total income of £38,760 per annum with potential for rental growth.

Rooms

Location
The property is situated near to the town centre and in the Swanspool ward of the town and is just off the A5193 (Broad Green / High St area) and links into St Johns Street. The building is within a predominantly residential setting and close to the junctions of Heriots Lane and George Street.Some commercial neighbours include The Everyday Champions Church, Evans Cook Solicitors and Little Champs Day Nursery.

Description
This detached property has been extended over the years to now provide a mix of 2 storey and 3 storey space which accommodates 7 flats in total. Flats 1-4 are accessed from the frontage of Havelock Street inside the main building. Flats 5,6 and 7 have self contained entrances outside down the side of the building which leads into the private tarmacadam car park. The buildings are protected via pitched tiled roofs and the exterior is a mix of pebbledash and painted rendered masonry. To the front is a small courtyard off the main street which leads to the front door.

Accommodation
The flats provide the following accommodation :Flat 1 1 BedFlat 2 1 BedFlat 3 1 BedFlat 4 1 BedFlat 5 1 BedFlat 6 1 BedFlat 7 1 Bed

Services
All flats have their own electricity and water meters, there is no gas to the building. There is a fire alarm and emergency lighting in the common areas.

Terms
The property is available by way of a single Freehold title at a guide price of £800,000 which represents a gross investment yield of approximately 4.8% assuming the total income at £38,760 pax.

Rates
The flats all fall within council tax band A which is approx. £1,250 per annum

VAT
VAT is not applicable to the sale.

Legal Costs
Each party to bear it's own costs.

Service Charge
There is no ground rent or service charge applicable to the site. This gives scope to bring this into place if required by the new owners.

Parking
The property has its own private car park accessed directly off Havelock Street and is of a tarmacadam surface and is marked with white lines with 1 space per flat and 2 visitors bays.

Planning
* BW/1987/0378 , 2 one-bedroom dwelling units in place of one dwelling unit in BW/86/802 * BW/1986/0018 , Conversion of existing building into three flats including wardens and erection of four flats in rear yard area * BW/1986/0802 , Conversion and extension to form six flats

Other

Berrys is a firm of Chartered Surveyors and Valuers, Property and Business Consultants and Chartered Town Planners with offices across Northamptonshire, Shropshire and Cheshire. Specialising in property sales and lettings since 1890, we know that clients appreciate our detailed market knowledge when advising on the intricacies of selling and letting property ranging from farms and rural estates to houses, development sites and office blocks. Our qualified Chartered Surveyors are able to lead you through the importance of matters such as timing, marketing and methods of sale in order to maximise the value of your property. We offer expertise in: • Residential Lettings and Sales • Farms and Land Lettings and Sales • Equestrian and Rural Lettings and Sales • Sale of Development Land and Plots • Commercial Property Lettings and Sales

No longer on the market

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