A period property located in the heart of the Town Centre, divided to form three x one bedroom self-contained apartments. The Freehold property has undergone recent modernisation and refurbishment to offer high quality living accommodation.The property produces a combined annual rental income of ?28,500 and gross yield of 8.1%.PROPERTY SUMMARYA tremendous opportunity to acquire a period Freehold property which has undergone extensive restoration to form THREE HIGH SPECIFICATION SELF-CONTAINED APARTMENTS.The property is located in the heart of the Town Centre within the professional quarter and only a short walk from restaurants, bars, the bus and rail interchange and the recently opened Arc cinema and leisure complex.The three apartments are currently tenanted and produce a gross combined annual income of ?28,500.
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.
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