Floorplans (
Map21 bedroom apartment for sale
Steam Mill Street, Chester
Recently added
Apartment
21 beds
18 baths
1280
EPC rating: B
Key information
Features and description
- Opportunity to acquire 9 apartments within a private development
- 3 x 3-bed duplex and 6 x 2-bed apartments all tenanted
- Total annual income of £121,080
- Lease of 200 years granted in 2005
- Gross yield of 7% per year
- Ideal location close to city centre train station, canal and River Dee
- Development comes with freehold to a commercial unit
- Attractive turnkey investment opportunity
LOCATION The complex is ideally positioned just off the canal, offering a pleasant waterside setting while remaining highly convenient. The River Dee is just a short walk away. The development is also within easy reach of the train station and approximately a 5–10 minute walk into Chester city centre, giving excellent access to shops, restaurants, and amenities. In addition, the apartments are close to the popular suburbs of Boughton and Hoole, both highly regarded areas of Chester known for their local amenities, cafés, and strong community feel.
OVERVIEW A rare opportunity to acquire a self-contained block of nine apartments. Situated within their own private development and sold with tenants in situ providing an immediate and established rental income stream with further potential to increase rents once acquired.
The development is a secure, electrically gated complex, with eight of the apartments accessed through the electric gate, centred around a well-maintained internal courtyard, creating an attractive and well-organised residential environment. The accommodation comprises three x three-bedroom duplex apartments, accessed on the ground floor along with six two-bedroom apartments arranged across the first and second floors, offering a strong and balanced rental mix. Seven of the apartments benefit from allocated parking. The development is well laid out and offers a cohesive, easily managed investment opportunity.
With all apartments currently tenanted and forming part of a single, purpose-built complex, this sale represents an excellent opportunity for investors seeking a secure, income-producing asset with long-term growth potential.
In addition to the residential accommodation, the development also includes the freehold of a commercial unit positioned on the main road frontage. The commercial space pays and annual ground rent of £150 and contribute 19% towards the annual building insurance.
LEASE AND SERVICE CHARGES Lease length: 200 years granted in 2005
Service Charge: £1200 per annum
Ground Rent: £150 per annum
TENANCY SCHEDULE AND LENGTH Apartment 26
Rent: £1300pcm
Tenancy: periodic
3-bedroom duplex apartment
2 allocated parking spaces
Apartment 27
Rent: £1300pcm
Tenancy: periodic
3-bedroom duplex apartment
2 allocated parking spaces
Apartment 28
Rent: £1500pcm
Tenancy: periodic
3-bedroom duplex apartment
2 allocated spaces
Apartment 29
Rent: £700pcm
Tenancy: Assured Shorthold Tenancy
2-bedroom apartment
Apartment 30
Rent: £1300pcm
Tenancy: Assured Shorthold Tenancy
2-bedroom apartment
Apartment 31
Rent: £740pcm
Tenancy: periodic
2-bedroom apartment
1 allocated parking space
Apartment 32
Rent: £975pcm
Tenancy: Periodic
2-bedroom apartment
1 allocated parking space
Apartment 33
Rent: £975pcm
Tenancy: periodic
2-bedroom apartment
1 allocated parking space
Apartment 34
Rent: £1300pcm
Tenancy: periodic
2-bedroom apartment
1 allocated parking space
Total annual rental income: £121,080
Yield 7%
FLOORPLAN These plans are included as a service to our customers and are intended as a GUIDE TO LAYOUT only. Dimensions are approximate.
AML ANTI - MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
COPYRIGHT Copyright (C): Thomas Property Group MMXXII: All Rights Reserved. You may download, store and use the material for your own private and personal use only.
You may not copy, reproduce, republish, retransmit, redistribute or otherwise make the material available to any party, any other agent or third party, or make the same available on any for sale particulars or marketing materials, website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the Thomas Property Group's express prior written consent.
The Thomas Property Group copyright remains on all photographs, floorplans and other materials on the sales particulars and websites at all times including after the property is sold or withdrawn from the market.
OVERVIEW A rare opportunity to acquire a self-contained block of nine apartments. Situated within their own private development and sold with tenants in situ providing an immediate and established rental income stream with further potential to increase rents once acquired.
The development is a secure, electrically gated complex, with eight of the apartments accessed through the electric gate, centred around a well-maintained internal courtyard, creating an attractive and well-organised residential environment. The accommodation comprises three x three-bedroom duplex apartments, accessed on the ground floor along with six two-bedroom apartments arranged across the first and second floors, offering a strong and balanced rental mix. Seven of the apartments benefit from allocated parking. The development is well laid out and offers a cohesive, easily managed investment opportunity.
With all apartments currently tenanted and forming part of a single, purpose-built complex, this sale represents an excellent opportunity for investors seeking a secure, income-producing asset with long-term growth potential.
In addition to the residential accommodation, the development also includes the freehold of a commercial unit positioned on the main road frontage. The commercial space pays and annual ground rent of £150 and contribute 19% towards the annual building insurance.
LEASE AND SERVICE CHARGES Lease length: 200 years granted in 2005
Service Charge: £1200 per annum
Ground Rent: £150 per annum
TENANCY SCHEDULE AND LENGTH Apartment 26
Rent: £1300pcm
Tenancy: periodic
3-bedroom duplex apartment
2 allocated parking spaces
Apartment 27
Rent: £1300pcm
Tenancy: periodic
3-bedroom duplex apartment
2 allocated parking spaces
Apartment 28
Rent: £1500pcm
Tenancy: periodic
3-bedroom duplex apartment
2 allocated spaces
Apartment 29
Rent: £700pcm
Tenancy: Assured Shorthold Tenancy
2-bedroom apartment
Apartment 30
Rent: £1300pcm
Tenancy: Assured Shorthold Tenancy
2-bedroom apartment
Apartment 31
Rent: £740pcm
Tenancy: periodic
2-bedroom apartment
1 allocated parking space
Apartment 32
Rent: £975pcm
Tenancy: Periodic
2-bedroom apartment
1 allocated parking space
Apartment 33
Rent: £975pcm
Tenancy: periodic
2-bedroom apartment
1 allocated parking space
Apartment 34
Rent: £1300pcm
Tenancy: periodic
2-bedroom apartment
1 allocated parking space
Total annual rental income: £121,080
Yield 7%
FLOORPLAN These plans are included as a service to our customers and are intended as a GUIDE TO LAYOUT only. Dimensions are approximate.
AML ANTI - MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
COPYRIGHT Copyright (C): Thomas Property Group MMXXII: All Rights Reserved. You may download, store and use the material for your own private and personal use only.
You may not copy, reproduce, republish, retransmit, redistribute or otherwise make the material available to any party, any other agent or third party, or make the same available on any for sale particulars or marketing materials, website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the Thomas Property Group's express prior written consent.
The Thomas Property Group copyright remains on all photographs, floorplans and other materials on the sales particulars and websites at all times including after the property is sold or withdrawn from the market.
About this agent
Thomas Property Group is a family run business with over 25 years experience. Every THOMAS Department is overseen and managed by a family Director with a wealth of local knowledge and vast experience. Our 15 person experienced Thomas Team have achieved the most combined sales and lettings in Chester and surrounding areas. Our combined City Centre and Rural offices and extensive marketing deliver maximum exposure for your property at all times. Good customer service is highly important to us at Thomas. We pride ourselves on being a pro-active, efficient team acting in your best interests to secure you the best deal, whether it be selling, buying, letting or renting. We are renowned throughout Chester and North Wales for delivering a professional service with personality. We receive many recommendations and recurring business which is of great value to us as we live and work in your community. Thomas Property Group are proud to have been named "Best Estate Agent in Chester - 2021" by the consumer review website "AllAgents" based upon our many clients continued feedback of our exceptional customer service. As a family run firm, we strongly value your feedback and recommendations.