6 bedroom block of apartments for sale

A great opportunity to purchase a block of five long-term LET apartments in a very convenient location towards the south side of the Town (FOUR x 1 bedroom and ONE x 2 bedroom). A rare opportunity to acquire a BLOCK of apartments and the FREEHOLD, with all 5 apartments being LET. Current income of £32,940 per annum (a 6.58% return at £500,000), therefore representing a perfect buy to let proposition. Floorplans available soon. Please contact James Coles, Branch Manager for further information.

Energy Efficiency Ratings - Energy Efficiency Ratings, Certificate Numbers and Expiry Dates:

Apartment 1: D66 - Certificate Number:[use Contact Agent Button]-6090-9250 - Valid Until: 17 March 2030
Apartment 2: C71 - Certificate Number:[use Contact Agent Button]-6380-3200 - Valid Until: 17 March 2030
Apartment 3: E43 - Certificate Number:[use Contact Agent Button]-0526-4963 - Valid Until: 25 January 2026
Apartment 4: C74 - Certificate Number:[use Contact Agent Button]-2427-2421 - Valid Until: 26 February 2033
Apartment 5: D63 - Certificate Number:[use Contact Agent Button]-0639-4292 - Valid Until: 11 March 2032

N.B - All 5 apartments are let on assured, shorthold tenancy agreements. A 5 tenants in residence are well settled and have no desire to leave:

Apartment 1 - currently let at £515.00pcm. Been in residence for 7 years.
Apartment 2 - currently let at £515.00pcm. Been in residence for 15 years.
Apartment 3 - currently let at £625.00pcm.
Apartment 4 - currently let at £595.00pcm.
Apartment 5 - currently let at £495.00 pcm. Been in residence for 12.5 years.

Current rental income of £2,745.00pcm
Current rental income of £32,940.00 per annum