This property presents a noteworthy investment opportunity, featuring a collection of seven one-bedroom apartments along with the potential for further development. The building currently houses six tenants on shorthold tenancies, with two units available for immediate occupancy, providing a versatile option for both investors and owner-occupiers.
Planning permission has already been granted for the construction of three four-bedroom townhouses to be developed at the rear of the property. This additional project could significantly enhance the overall value of the site, making it an attractive proposition for those looking to expand their portfolio.
Situated within easy reach of the town center and mainline train station, this location offers great accessibility to local amenities and transport links, enhancing its appeal. Each apartment is equipped with gas central heating and double glazing, which contributes to tenant comfort and operational efficiency.
There are allocated parking spaces available, and communal areas thoughtfully designed for bin storage and laundry facilities add to the functionality of the property. A management company is in place to oversee maintenance aspects, ensuring that the building remains well-managed.
A leasehold agreement is also in effect for one unit sold previously, providing further security and structure for potential buyers. For interested parties, individual Energy Performance Certificates (EPCs) have been rated 'C'—a positive indicator for energy efficiency.
Overall, this property not only offers immediate rental income but also an exciting avenue for future renovation or redevelopment, making it a compelling opportunity in today’s market.
