12 bedroom flat for sale

The building consists of 12 self-contained studio apartments, many of which have a mezzanine bedroom separate from the main living space. Flats 5 and 8 benefit from balconies fronting onto Fairholme Road.The building is arranged over 4 floors, with 9 of the apartments accessed from a central staircase. The 3 lower ground studios are accessed from their own separate entry door. The apartments benefit from a central communal heating and hot water system, a separate communal laundry room and the building also includes a lower ground vaulted storage area.The apartments presently achieves £131,250.00 per annum in rent which is 4.03% return. However, a new owner could easily achieve minimum £1,250.00 in rent per apartment per month equalling £180,000 per annum which is a 5.5% return at the asking price, if the apartments are slightly renovated.