High yield investment property - Six self-contained studio flats currently producing £22,600 per annum.
Situated within easy reach of the city centre/ shopping centre is a Victorian three storey semi-detached house converted into six self-contained flats. Six of the flats are currently let and producing approximately £22,600 per annum. In our opinion there is scope for significant rental increase and would anticipate a future rental income in the region of £28,000-£29,000 per annum.
If the property was to be let at £29,000 it would represent an impressive yield.
Internally the accommodation has the benefit of PVC double glazing and in brief comprises of; entrance hall and two self-contained studio flats. To the first floor landing and second floor landing are four further self-contained studio flats. Outside to the front there is a small forecourt and to the rear an enclosed garden.
The property is situated in a established residential location conveniently positioned for Normanton Road shopping centre.
Excellent freehold investment opportunity.
With Minton floor covering.
With moulded covering, original archway, door to cellar and fitted cupboard housing the separate electric meters.
Studio Flat One
Consists of a bedroom/fitted kitchen with separate en-suite shower room. Let and producing £295 per calendar month.
Studio Flat Two
Consists of a bedroom/fitted kitchen with separate en-suite shower room. Let and producing £330 per calendar month.
First Floor Landing
Leading to -
Studio Flat Three
Consists of living room/bedroom with separate fitted kitchen and en-suite shower room. Let and producing £320 per calendar month.
Studio Flat Four
Consists of entrance hall, bedroom/living room and with separate en-suite shower room and a separate fitted kitchen. Let and producing £320 per calendar month.
Second Floor Landing
Leading to -
Studio Flat Five
Consists of bedroom/living room with separate fitted kitchen and en-suite shower room. Let and producing £300 per calendar month.
Studio Flat Six
Consisting of separate kitchenette, bedroom/living and en-suite shower room. Let and producing £320 per calendar month.
To the front there is a small forecourt and to the rear an enclosed garden.
Viewings can be booked online by contacting our office on 01332 202520.
Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.