Freehold Residential Investment opportunity, comprising 8 self contained apartments over 4 floors (4,271 sq ft).

The residential accommodation comprises:

1 x studio
6 x 1 beds
1 x 2 bed

There is outdoor shared space along with off street car parking.

The building has been well maintained but with further scope for refurbishment works and potential for reconfiguration to add additional bedrooms. All flats have EPC’s and safety certification in place.

The current passing rent is £92,640 per annum with all flats occupied to professional tenants.

The current rents do not all represent market rent and
there is further scope to improve the values. We
consider the aggregate estimated rental value to be
£97,380 per annum. There is high demand for short lets
in the area due the proximity to the city centre and this
represents a further opportunity to increase the yield.