This property is no longer on the market
5 bedroom block of apartments
Key information
Property description & features
- Tenure: Freehold
- Block of five flats
- Fully occupied with long term tenants on AST's
- Gross income £32,880 p.a
- Brand new heating system installed December 2018
- 986 years remaining on each lease
- Each flat comprises of a bedroom/living area, kitchen and shower room
- Off street parking for two cars
- Fantastic location
- No Onward Chain
- EPC's = D, C, D, D, E
Apt 1: EPC = D - 4.2m x 3.73m not including the bay window. There will also be a further space of 4.2m x 1.2m adjacent to apt 1 when the garage is divided to create an entrance way. This could be used as a bin store to free up maximum parking space or incorporated into apt 1.
Apt 2: EPC = C - 4.2m x 3.73m + bathroom of 2.15m x 1.2 m
Apt 3: EPC = D - 4.2m x 6.2m
Apt 4: EPC = D - 4.2 x 6.2m
Apt 5: EPC = E - 6.7m x 6.2m + a total of 3m x 6.2m under the eaves
There is also a separate laundry room on the first floor of 1.5m x 1.9m
Current rent received per annum = £32,880
Bills included within the rent
The boiler and heating system services all 5 flats and was only installed in December 2018.
The freehold can be transferred to the purchaser.
Each apartment has 986 years remaining.
Ground rent is £1.00 p.a
Annual building insurance £637.20
Two parking spaces included with the property.
There is a right of way comprising the original carriage way between 43 and 45 Penley's Grove Street.
45 Penley Grove Street is now a building plot that will be retained so the current vendor can build a studio.
Property information from this agent
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Broadband availability and predicted speed: obtained from Ofcom on March 24, 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:
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Mobile phone signal availability and predicted strength: obtained from Ofcom on March 24, 2022
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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
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Energy Performance data and Internal floor area
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