Our Summary

• Investment Opportunity - OIEO £1,250,000 0 for the Freehold Interest We are pleased to present this well-maintained residential development consisting of two purpose-built blocks, offering a prime investment opportunity
• There is also planning permission granted to extend Flats 1 and 2 (rear block) by 1
• 8m, providing an opportunity for further development should the buyer wish to do so
• The current owner has enjoyed 9 years of consistent, high-yield income, with all flats under AST agreements, producing a strong rental return of £79,000 per annum, with the potential to increase this to £90,000 per annum
• Current Income and Tenancy Details: Flat 1 – £10,500 PA – long-term tenant (market rent: £15,600) Flat 2 – £15,600 PA – currently vacant to provide 'show' apartment Flat 3 – £11,700 PA – under-let Flat 4 – £13,800 PA – market rent (since June 2023) Flat 5 – £13,800 PA – under-let Flat 6 – £13,800 PA – under-let Estimated Market Value (per unit): Flat 1 – £240,000 - EPC states 34 sqm Flat 2 – £240,000 - EPC states 35 sqm Flat 3 – £240,000 - EPC states 34 sqm Flat 4 – £245,000 - EPC states 39 sqm Flat 5 – £245,000 - EPC states 37 sqm Flat 6 – £255,000 - EPC states 49sqm All flats have a current BLP 10 year Building Warranty: Flats 1-2 expire on the 24th November 2024 Flats 3-6 expire on the 30th October 2025 All Flats have an EPC of C Total estimated market value: £1,465,000 Asking price for the entire freehold: OIEO £1,250,000 This development presents a unique opportunity for investors seeking a reliable income stream with potential for rental growth and long-term capital appreciation