Price £240,000
Large end terraced Block of 5 x separate Apartments - All let - £21,000 current Rental income. (Potential rental income = £27,000 p.a. @ £450 p.m. per flat = 11.2% Gross yield.)
5 x Self - Contained Flats
4 X 1 Beds & 1 x 1/2 bed
3 x Storey End of Terraced
Rear Yard, Communal Hall / Stairs
INVESTMENT OPPORTUNITY - FULLY LET INVESTMENT BLOCK OF 5 X SEPARATE FLATS.
10, HAWTHORNE RD - has its own separate entrance with 1/2 bedrooms.
10, HAWTHORNE RD - HAs 5 x flats and communal stairs.
All five flats are completely self contained, separate meters etc.
All apartments with lounges, separate kitchens, bathrooms, bedrooms.
Long Leasehold - Residue 999 years.
Ground Rent - £1.79 per annum
Electric heating
(Also conforms to special licence - regs)
Could be split into 5 x Leases.
Current Gross Rental Income = All Ast’s -
£21,000 p.a. current - 8.75% Yield.
(Potential rental income = £27,000 p.a. @ £450 p.m. per flat = 11.2...
Important Information
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