Description
Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £285,000
Offered to the market with no onward chain is this excellent investment opportunity comprising block of three self contained apartments, with two currently let and the ground floor offered with vacant possession.
The spacious ground floor one bedroom apartment comprises lounge, bedroom, kitchen, bathroom, converted cellar and useful store room, together with access to the rear garden. This apartment offers scope for further improvement and represents an opportunity to add value.
The first floor two bedroom apartment comprises two bedrooms, a lounge, kitchen and three piece bathroom and is currently let on a company let, generating £900 PCM.
The top floor one bedroom apartment comprises a lounge, kitchen, bedroom and three piece bathroom and is also let on a company let, currently achieving £775 PCM.
With two apartments already producing a combined rental income of £1,675 PCM (£20,100 per annum), this represents an attractive opportunity for investors seeking an established income stream, while also offering further scope for redevelopment and value enhancement, subject to the necessary consents.
Please note: As two of the three apartments are currently tenanted, access for viewings will be limited. We strongly recommend viewing the virtual tour to appreciate the accommodation available before arranging an internal inspection.
MATERIAL INFORMATION
Type – Terraced house
Age/Era – Ask Agent
Tenure – Freehold
Ground Rent – Ask Agent
Service Charge – Ask Agent
Council Tax – Band A
EPC Rating – Ask Agent
Electricity Supply – Mains
Gas Supply – Mains
Water Supply – Mains
Sewerage Supply – Mains
Broadband Supply – Ask Agent
Mobile Coverage – Depends on provider
Heating – Gas Central Heating
Parking – On Street, No Permit Required
EV Charging – Ask Agent
Accessibility – Ask Agent
Coastal Erosion Risk – Ask Agent
Flood Risks – Has not flooded in the last 5 years, No flood defences
Mining Risks – Ask Agent
Restrictions – Ask Agent
Obligations – No restrictions, No private right of way, No Public right of way, No easements/servitudes/wayleaves
Rights and Easements – Ask Agent
AGENTS NOTES
1. Viewings by appointment only through Jackson Grundy. 2.These particulars do not form part of any offer or contract and should not be relied upon as statements or representation of fact. They are not intended to make or give representation or warranty whatsoever in relation to the property and any intending purchaser or lessee should satisfy themselves by inspection or otherwise as to the correctness of the same. We strongly recommend that all the information we provide be verified by you on inspection, and by your surveyor and conveyancer. 3. Photographs illustrate parts of the property as were apparent at the time they were taken. 4. Any areas, measurements, distances or illustrations are approximate for reference only. 5. We have not performed a structural survey on this property and have not tested the appliances, services and specific fittings, an intending purchaser must satisfy himself by inspection by independent advice and/or otherwise to this property. 6. Whilst we carry out our due diligence on a property before it is marketing and we endeavour to provide accurate information, buyers are advised to conduct their own due diligence. 7. Our information is presented to the best of our knowledge and should not solely be relied upon when making purchasing decisions.
