This property is no longer on the market
Plot
Key information
Property description & features
- Tenure: Leasehold (867 years remaining)
- FREEHOLD INVESTMENT
- 25 Self Contained Apartments
- Viewings are strictly by appointment only.
- All flats have EPC’s and EICR’s in
- place.
- The total sq footage is 18,940 sq ft.
The property comprises 25 self contained flats over the
ground and first floor. The total sq footage is 18,940 sq ft.
The residential accommodations comprises:
• 7 x 1 beds
• 18 x 2 beds
There is outdoor shared space along with car parking
and a refuse area.
Originally a police station dating back to 1892, planning
permission was granted to extend the building to create
the current development. The building has been well
maintained but with further scope for refurbishment
works. The 25 self-contained flats all benefit from double
glazing, secure entry systems and independent hot hater
and heating supplies. All flats have EPC’s and EICR’s in
place.
Rental Performance:
The current passing rent is £207,000 per annum with all
flats occupied. The current rents do not all represent
market rent, and we consider the income position to be
reversionary and the aggregate estimated rental value
to be £237,000. There is also an opportunity to carry out
short lets in the building and to the best of our knowledge,
there are no restrictions on short lets in the area.
Method of Sale and Tenure
The property will be sold freehold by way of informal tender
(unless sold prior).
EPC
EPC’s are available and the ratings are:
3 x B
14 x C
6 x D
2 x E
Selective Licensing applies in this area. The scheme commenced
on 1st September 2022 and will last for 5 years.
Viewings
Viewings are strictly by appointment only.
Please contact Lomond Investment Management or Thornley
Groves to arrange an appointment.
LEASEHOLD-Full Lease Term-: 999 years from 26 March 1892
Property information from this agent
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Broadband availability and predicted speed
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
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021
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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