8 bed block of flats

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8 bed block of flats

Wellfield Road, Carmarthen, Carmarthenshire SA31
£375,000

Our Summary

  • ***Investment property*** Fantastic investment opportunity to purchase this fully let block of flats generating an annual income of 34,080 producing an attractive gross yield of approximately 9%

Description

This is a fantastic investment opportunity to purchase a fully let block of 5 self-contained flats in Carmarthen, generating an annual income of £34,080, producing an attractive gross yield of approximately 9%. The block is located on Wellfield Road, a popular and sought-after area, within walking distance of the town centre, which offers a vast selection of shops, restaurants, schools, and transport links. Each flat benefits from electric heating and is supplied/metered independently. The property sits on a large plot, offering plenty of parking. The flats are in good condition, with modern economy 10 electric central heating systems, UPVC double glazing, and mains smoke alarms. The property is freehold, and the tenants are contracted to pay rents ranging from £525 to £595 per month. The property has a satisfactory electrical certificate and is rated E for energy efficiency. Council tax bands A and B apply.