***INVESTMENT PROPERTY***Comprising of 5 self contained units achieving an income of over £25,000 and a yield of 8% Read more
***INVESTMENT PROPERTY***Comprising of 5 self contained units achieving an income of over £25,000 and a yield of 8%
Located a stones throw from the Hoe Waterfront this property is a fantastic investment opportunity for an experienced landlord. With options to convert this to holiday lets due it is location there is potential to increase the returns further. Please note to get the higher incomes it is likely that some investment will be needed. The property comprises of 5 self contained units, one is currently undergoing renovation and 3 are let on shorthold tenancy agreements. When fully let the property would have an income of £25,560 per annum.
Each unit is separately metered and liable for its own council tax, so other than maintenance of communal areas and buildings insurance, costs are at a minimum.
Flat 1 measures 34m2 EPC Rating E Flat 2 measures 30m2 EPC Rating E Flat 3 measures 20m2 EPC Rating D Flat 4 measures 43m2 EPC Rating E Flat 5 measures 42m2 EPC Rating D