Situated in this extremely prominent main road position an opportunity to purchase a property providing an excellent rate of return. There is a ground floor flat which is self contained with first and second floor residential accommodation above. The upper floors are let out as bedsit accommodation. The investment could provide approximately £22,900 gross per annum. Currently the upper floors are mostly vacant. The ground floor flat is let out at £500 per month (£6,000 per annum). There is a garage to the rear and one vacant room which could be let to provide some additional income.
ENTRANCE HALL Laminate floor; radiator
LOUNGE 13' 7" x 9' 5" (4.16m x 2.89m) Laminate floor; radiator
BEDROOM 8' 6" x 13' 1" (2.61m x 4.00m) Laminate floor
KITCHEN 5' 11" x 12' 0" (1.82m x 3.67m) Wall and floor units; plumbed for automatic washing machine; Baxi wall mounted combi boiler; laminate floor
BATHROOM/WC Panel bath with shower over; pedestal hand basin; low level wc; partly tiled walls; laminate floor
FIRST FLOOR BEDSIT ACCOMMODATION
ENTRANCE VESTIBULE Stairs to first floor
LOUNGE 15' 5" x 13' 5" (4.72m x 4.11m)
KITCHEN/DINER 13' 4" x 12' 2" (4.07m x 3.71m)
BATHROOM/WC
SEPARATE WC
SECOND FLOOR
BEDROOM 2 9' 11" x 9' 8" (3.03m x 2.96m) Radiator
BEDROOM 3 13' 6" x 9' 6" (4.13m x 2.90m) Radiator
BEDROOM 4 13' 8" x 7' 1" (4.18m x 2.18m) Radiator
BEDROOM 5 9' 10" x 7' 10" (3.01m x 2.39m) Radiator
Gas central heating
Upvc double glazing
We understand that the property is freehold
RENT INFORMATION Rent
The property has 4 bedsit rooms of which three are tenanted. The ground floor flat is tenanted separately.
Potential Gross Rental income is currently around £22,900 per annum.
There is obvious scope to increase this by letting the vacant rooms. This could further increase gross income by letting the vacant bedroom and the garage to the rear.
In addition there are solar panels to the roof which provide an additional income. Details on request.
There is a single garage to the rear with an electric roller shutter door
EPC Rating C
Price £250,000
Viewing: Strictly by appointment through sole agents. Please ask for Stephen Jones
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