- SUBSTANTIAL INVESTMENT TERRACE
- 2x SELF CONTAINED FLATS AND 4x STUDIOS
- FULLY LET AT CIRCA £57K PA
- TRULY PRIME LETTING LOCATION
- MAIN UNIVERISTY CAMPUS JUST YARDS AWAY!
PRIME INVESTMENT IN STRONG LETTING LOCATION!
A SUBSTANTIAL VICTORIAN TERRACE SPLIT INTO 'SIX' SELF CONTAINED UNITS, FULLY LET PRODUCING A GROSS RENTAL INCOME OF £56,892PA INCLUSIVE OF GAS, ELECTRICITY & WATER SITUATED IN THIS HIGHLY SOUGHT-AFTER & VERY CONVENIENT LOCATION ON THE DOORSTEP OF THE MAIN UNIVERSITY CAMPUS AND WITHIN EASY REACH OF HOSPITALS & CITY CENTRE.
We would urge EARLY INSPECTION to appreciate the close proximity to the University, generous room sizes and well managed accommodation!! The property has a Certificate of Lawful Development dated April 1998 for six self contained flats and is being sold as an on-going concern with immediate income on completion and no letting management tie in, allowing buyers the opportunity to self manage or appoint their own preferred letting agent. An excellent choice for any established discerning investor!
Four of the six flats have been recently refurbished and are all let out as follows;
Flat 1, Studio - Let at £645pcm until 30th June 2022
Flat 2, Two Bedroom - Let at £860pcm until 30th June 2022
Annex (Flat 3) - Let at £540pcm until 30th June 2022
Flat 4, Studio let periodically at £724pcm
Flat 5 Studio let at £690pcm until 31st August 2021
Flat 6, three bedroom self contained flat - let at £1283.56pcm until 30th June 2022
(Flat 4, 5 & 6 are inclusive of broadband)
There are two gas combination boilers in the property and we understand each flat control their own hot water and heating through individual thermostats.
There are gardens to the front & yard to the rear providing some off street parking!
Additional features include; LED ceiling lighting to most flats, gas central heating, upvc double glazing, emergency lighting, fire alarm and heat detectors throughout!