This property is no longer on the market
18 bedroom apartment
Key information
Property description & features
- Tenure: Freehold
- Excellent investment opportunity
- 7.3% Yield at guide price
- Fully let on AST
- 18 Apartments in total
- 17 Studios and a one bedroom apartment
- Parking area
- Opportunity to increase rental throughout
- EPC Ratings for apartments C to E
Description
Savills are delighted to present a special opportunity to purchase two freehold adjoining blocks, comprising 18 apartments in a sought after Chester location.
Totalling 18 apartments, broken down into 17 studios and a one bedroom, every unit is let on an assured shorthold tenancy agreement, achieving a gross yield of 7.3%.
Apartments that have come available for re-let recently have been refurbished, however there is further scope to modernise apartments and increase rental yields throughout.
Occupying a substantial plot, professionally maintained and let by the current owner, this is undoubtedly a unique opportunity for the discerning investor.
Perched atop Upper Cambrian Road in an enviable position, the development offers excellent access to everything available in Chester city centre.
With outstanding views on offer to the Welsh hills and beyond, the property benefits from a tranquil, peaceful setting which has long proved popular to the buoyant rental market.
Full particulars including photos, EPC's, title plans and rental schedule are available upon request from the office. Please note current photos have been taken on different dates/times and those shown are a selection across the development.
Location
Chester enjoys a significant blend of history intertwined with a modern city feel. Chester Cathedral (0.7m) and the City Walls (0.6m), are two firm favourites with visitors looking to immerse themselves in the rich cultural history of the city.
For academia, the University of Chester is only 0.7m distance away, whilst for sporting endeavours, Chester Golf Club (0.9m), Chester Racecourse (0.6m) and Chester Football Club (1.2m) are also situated nearby.
For entertainment, you can enjoy the multiple bars, restaurants and shopping available in the city centre (0.6m), or visit one of the UK's largest zoos, Chester Zoo! (3.1m). For those looking to relax, a stroll along the River Dee is an option being only 0.3m distance.
Travel links are easy to find too, with Chester rail station 1.3m walk through the centre and bus links available from as close as 0.2m. Chester's inner ring road for vehicle access is also only 0.4m from the property.
Please note all distances quoted are approximate.
Additional Info
Apartment sizes range: 16sqm to 48 sqm (as per EPC's)
EPC ranges: C to E
Council tax: Cheshire West and Chester, band A
Places of interest
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*DISCLAIMER
Property reference MNS230033. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills - Manchester Bridge Street.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on June 14, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on June 14, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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