- High yielding residential investment comprising six studio flats +
- Fully let producing £39,000 pa +
- Guide price: £360,000 +
- For sale by livestream auction +
- Unless previously sold or withdrawn prior +
- 10:00am - Wednesday, 25th March 2026 +
FOR SALE BY LIVESTREAM ONLINE AUCTION - 10:00AM, WEDNESDAY 25th MARCH 2026
TO REGISTER FOR LEGAL PACK AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
High yielding residential investment comprising six studio flats let producing £39,000 pa
A single detached block of six studio flats. Currently all are let on assured shorthold tenancies and produce £3,250 pcm (£39,000 pa). It is located next to the recreation ground in a good letting area of the town, close to a range of services and amenities.
The block has been well maintained by the current owners. All the flats are double glazed and enjoy bright and airy communal areas.
The ground rent is £60 per flat pa. With a yield of over 10% at the guide this offers a unique opportunity for an investor looking for a high yielding secure long term income.
Rent Schedule 67: £600 pcm, £7,200 pa
69: £485 pcm, £5,820 pa
71: £575 pcm, £6,900 pa
73: £485 pcm, £5,820 pa
75: £555 pcm, £6,660 pa
77: £550 pcm, £6,600 pa
Total rent: £39,000 pa
Description Each apartment has similar room dimensions and comprises:
Accommodation: Reception room / bedroom, kitchen, dressing room, shower room
Outside Communal gardens to three sides which are laid to lawn and off road parking for each apartment
Lease Details Length of Lease: 120 years from 23.11.1983. 77 years unexpired
Annual Ground Rent: £360.00
Ground Rent Review: TBC
Annual Service Charge: TBC
Service charge review period: TBC
Council Tax Band A
Tenure: Leasehold
Lease Details: 120 years from 23rd November 1983
EPC Rating: D & E
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.