This property is no longer on the market
2 bedroom apartment
Key information
Property description & features
- Tenure: Freehold
- Six Individual Apartments.
- All with Tenants in Situ.
- Freehold for Building.
- Flats 1,2,5,6,7,9.
- Lucrative Investment Opportunity.
- Central Location.
Rooms
Description
A rare opportunity to acquire a development of six apartments along with the freehold to a modern purpose built block situated in the heart of Sandown.
All currently let on assured shorthold tenancies with long term tenants in situ, this is the ideal start to create an investment portfolio with a current annual income of £49,008 (potential to increase to £55,200 based on Flats 1, 2, 5, 6, and 7 achieving £750 PCM and the penthouse £850). Constructed in 2007, James Court consists of nine, two bedroom apartments laid over three floors. All units consist of the entrance hall, open plan kitchen/ lounge/ diner with integrated appliances, two double bedrooms plus a family bathroom with bath and overhead shower. The penthouse benefits from an additional ensuite shower room.
Current Rentals
Flat 1 - £730 PCM
Flat 2 - £685 PCM
Flat 5 - £730 PCM
Flat 6 - £684 PCM
Flat 7 - £660 PCM
The Penthouse - £685 PCM
Services
- All Mains Connected.
- Gas Central Heating.
Outside
- Allocated parking.
- Communal Courtyard with washing lines.
Service Charge
The vendor currently charges the three other units in the block £300 per annum.
Tenure
Freehold – 125 years from 2007 (110 years remaining).
Property information from this agent
Places of interest
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Energy Performance data and Internal floor area
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