This property is no longer on the market
20 bedroom property with land
Key information
Property description & features
- 'Investment' Opportunity
- Block Freehold (to include 11 of the 12 flats)
- Future 'Development Potential'
- Planning Application Submitted
- Potential For 3rd Floor - 5 New Flats
- 11 Flats & Garages Let On AST's
- £100800 PA Income
- Strong Yields
- Close To Bournemouth Gardens & The Triangle
The 11 apartments available to purchase & the Freehold, consist of 9 x 2 bedroom and 2 x 1 bedroom all benefitting from a lock up garage and currently being Let on Assured Shorthold Tenancies. The block is very centrally situated, being located close to Bournemouth Gardens and the Triangle.
The Block consists of:
Ground Floor - 5 x 2 bedroom flats & 1 x 1 bedroom flat
First Floor 5 x 2 bedroom flats & 1 x 1 bedroom flat
12 Garages
One of the two bedroom apartments (and its garage) on the Ground Floor, is held on a long Lease 125 years from 2009 with a Ground Rent of £200 per annum rising by £100 every 25 years.
The 11 apartments produce a current combined income of £97560 pa (increasing to £100800 pa from January 2023) giving a yield in excess of 5%
Please be aware that there should be no direct approach to the property, and all viewings and enquiries are to be made strictly through the Sellers Sole Selling Agent: with viewings to be arranged following due diligence and evidence of funding.
Places of interest
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
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Energy Performance data and Internal floor area
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