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6 bedroom detached house for sale
Gilt Hill, Kimberley, Nottingham
£375,000
Gilt Hill, Kimberley, Nottingham
£375,000
Our Summary
- SUMMARYAUCTION SALE 20 May 2025 - • Entire freehold property split into six flats, with parking• Potential return of approximately £43,000 per annum, once fully occupied• Prominent position close to amenities, bus routes and road linksDESCRIPTIONA rare opportunity to acquire an entire freehold property, split into six flats, with parking to the rear
- Some works are required, but once completed and at full occupancy charging the market rate rents, there is the potential to achieve within the region of £40,000 - £43,000 pa
- This is a very good investment opportunity that has served the current owner well during their ownership
- AUCTION SALE - 20TH MAY 2025
Description
This is a rare opportunity to acquire a freehold property in Kimberley, East Midlands, which is split into six flats with parking to the rear. The property is currently 4/6 occupied, with the remaining two flats vacant, and has the potential to generate a return of approximately £43,000 per annum once fully occupied. The flats are a mix of studios, one-bedroom, and two-bedroom apartments, and are situated close to amenities, bus routes, and road links. The property requires some works to be completed, but once done, it has the potential to achieve a high rental income. The current tenants are on Assured Shorthold Tenancies, and the property is being sold with vacant possession.