5 bedroom Block of apartments For Sale

Key Details

Property Description

Investment opportunity - A detached dwelling incorporating four self-contained and individually accessed apartments, three of which are one bedroom, and the fourth is a larger two storey duplex, two bedroom, two bathroom apartment.

The property is one on one freehold title, having been separated and extended in years gone by to create the four separate apartments to which all four apartments have their own individual EPC ratings, EICR ratings, Gas Safety Certificates (where required) and tenancy contracts.

Currently earning approximately �1,900 PCM between the four apartments, giving a current annual income of �22,800. Three of the four apartments are due a rent review to where the income levels for the building could be pushed for a higher return.

The two ground floor apartments, left and right of the two central doors, are both one bedroom, open plan living apartments, with the left hand side accommodation offering an open plan living kitchen space with rear bedroom and en-suite shower room.

The right hand side ground floor apartment incorporates a more bedsit-style apartment which is the lowest value of the four, offering an open plan bedroom living kitchen space leading through to a separate shower room and toilet area to the rear.

A communal staircase then rises to a top floor landing where two further individual doors provide access to the first floor apartments. The right hand apartment of the two offers an open plan living kitchen space with separate rear bedroom and en-suite bathroom.

The largest of the four apartments is on the left hand side of the landing which is arranged over two floors. The accommodation of the larger apartment benefits from an open plan living dining kitchen space leading through a rear bedroom and en-suite bathroom and a staircase rises to the top floor where a further bedroom and en-suite facility can be found.

Between the apartments, three of the four have gas central heating and one operated solely via electric and panel radiators. There is double glazing throughout the building, as well as a small courtyard garden space with storage shed to the rear.

The property is being sold with tenants in situ as a going concern rental investment portfolio opportunity.

• Location