BOTH PROPERTIES HAVE THEIR OWN COUNCIL TAX BANDS +
NO GAS TO THE BUILDING +
SUMMARY
A fantastic opportunity to purchase this three storey freehold building which is currently split into a one bedroom ground floor flat and a two bedroom duplex flat and generates an annual income of £15,900!! NO CHAIN!!
DESCRIPTION
This is a fantastic investment opportunity to purchase the whole building (including the freehold) of which comprises a one bedroom flat to the ground floor and a two bedroom duplex flat over the first and second floor.
Both flats are currently rented out. The top floor flat is getting £775 per month, and the ground floor flat is getting £550 per month. Both the tenants' contracts are with the National Residential Landlords' Association ( NRLA)and their deposits are via the NRLA with the Tenant's Deposit Scheme.
With the combined income of £1,325 per calendar month, this property is generating approximately 8.5% yield!!
Ground Floor
Door to communal entrance hall.
Communal Entrance Hall
Door leading to each flat.
Ground Floor Flat
Open Plan Living / Kitchen 19' 6" x 8' 7" ( 5.94m x 2.62m )
LIVING AREA:
Front facing single glazed window, two pendant ceiling lights, BT point, wall mounted electric radiator. Open plan to:
KITCHEN AREA:
Range of floor and wall mounted units, breakfast bar, stainless steel sink drainer, integrated electric oven with 4 ring hob, fridge, built in storage cupboard (with plumbing for washing machine), doorway leading to bedroom.
Bedroom 9' 4" x 8' 5" ( 2.84m x 2.57m )
Side facing UPVC double glazed window, two ceiling lights, range of fitted eye level units, wardrobe included and door leading to rear access, door to en-suite.
En - Suite Shower Room
Rear facing opaque UPVC double glazed window, ceiling light, walk in shower enclosure with electric shower, pedestal wash hand basin and low level wc. Ceiling light, wall mounted electric fan heater, wall mounted electric water heater over the sink.
First Floor Flat
Stairs lead up to the flat from the ground floor communal entrance.
Living Room 18' 8" x 8' 6" min ( 5.69m x 2.59m min )
Front facing UPVC double glazed window, two pendant ceiling lights, electric radiator, feature exposed beams, door leading to kitchen, stairs leading to the second floor.
Kitchen 15' 3" x 8' 6" ( 4.65m x 2.59m )
Side and rear facing UPVC double glazed windows, two ceiling lights, range of wall and floor mounted units, stainless steel sink/drainer unit, integrated eye level electric oven, integrated four ring electric hob, dishwasher, plumbing for washing machine, space for fridge, part tiled walls, extractor fan.
Second Floor Landing
Ceiling light, smoke detector, feature exposed beam, doors leading to bedrooms and shower room.
Bedroom One 8' 6" x 8' 2" ( 2.59m x 2.49m )
Front facing UPVC double glazed window, exposed beam, ceiling light, wall mounted electric heater.
Bedroom Two 7' 1" x 7' 3" ( 2.16m x 2.21m )
Rear facing roof window (single glazed), exposed beam, wall mounted electric heater.
Shower Room
Rear facing roof window (single glazed), exposed beam, ceiling light, extractor fan, walk in shower enclosure with electric shower, low level wc and pedestal wash hand basin. There is a low level cupboard with electric water heater.
Services
All mains services with the exception of gas are connected to the property.
Planning Permissions
The ground floor flat has full planning approval for change of use from office to a studio flat. The Planning Application Number is: L07D0035.
1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Agent Details
Connells, Worcester
01905 917044
Next Steps?
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