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  • MarketPlace

    For Sale: Brand new 4 x 1 bed flat conversion

    For Sale

    Brand New, converted property containing 4 x 1 bedroom self contained flats.

    The conversion was completed in December 2017 and is finished to a high standard and now fully let, is achieving a strong rental return.

    Integral to the conversion the property benefitted from increased insulation to all flats, new windows, kitchens, shower rooms, electric heating, decorating & flooring. As an additional valuable benefit, the property has a 10 year structural warranty underwritten by an A grade Lloyd's insurance company from ICW. Unlike many lower quality warranty products on the market, ICW are recognised by all mainstream lenders who will not lend unless a warranty is in place

    As a result of the high quality finish, all 4 flats are let at strong market rents to very good tenants. All tenants are referenced and qualify for rent & legal protection. All tenancies are for 12 month AST, the earliest commencing from late December 2017. All tenants would like to stay long term.

    The current gross rent reserved is £2,525 pcm. Giving a gross annual rental income of £30,300.

    One bedroom flats in the local market achieve circa £90,000.

    The property is still held as a single freehold title, but can easily be split into 4 leases. We have already had the lease plans drawn up for that purpose.

    I would consider offers for the complete freehold investment around the £340,000 mark, which represents a yield of circa 9%.

    The property is situated in CO15.

    If you would like any further information please contact me by reply or on 07957471717.

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    Dan

    Universal Property Services Ltd

    01473 723366

    07957471717

    http://www.universalpropertyservicesltd.com

    hi


    is this still available?


    im looking for blocks of flats nationwide. cash buyer

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    feel free to give me exact address, size and floor plans.

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    regards Andrew Peers - property investor / sourcer - 07912674181

    a.peers@seamlessproperty.co.uk

    Property Redress Scheme Number 011436     NLA member 174404