DESCRIPTION A rare chance to buy a beautifully converted building in the heart of Chester, offering three fully furnished, self-contained apartments under one freehold. 9 Hunters Walk has been thoughtfully refurbished and currently operates as a successful short-stay rental business. The sale includes Apartments 1, 2, and 3, all sold together as a single transaction. This is a fantastic opportunity for an investor or someone looking for a turnkey rental setup with strong returns and scope to increase profits through hands-on management
Investment Overview: •Currently managed by specialists as serviced apartments •Option to manage the apartments yourself and reduce costs •2024 adjusted profit before tax: £38,802, rising to £55,824 when adding back the management fees •Potential for further savings if cleaning and linen services are managed in-house •At a 7% yield, this gives a suggested valuation of around £797,000 – meaning the £600,000 asking price is highly competitive •Utilities currently on shared meters (1 water, 1 electricity) but could be split if needed •Internet via one main phone line with Wi-Fi nodes throughout the building •Existing Property Manager has a 90-day rolling notice period, offering flexibility for new owners
Summary: 9 Hunters Walk is a clean, well-maintained investment property in a prime Chester location. With proven rental income, low overheads, and the potential to increase returns through direct management, this is an ideal purchase for someone looking to step straight into a fully operating setup - or take it further.
Professional photography and architectural plans are available, and the sale includes all contents, fittings, and furnishings. No need to start from scratch - it's ready to go.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Thomas Property Group - Chester. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Thomas Property Group - Chester for full details and further information.