This property presents a distinctive opportunity to acquire a freehold investment consisting of three well-maintained one-bedroom apartments, all with long-term leases and established tenants. Currently generating a solid gross annual income of £38,100, this investment offers around a 6% yield, making it an attractive addition for investors aiming to expand their portfolio. Each apartment has been kept in good condition due to professional management and letting practices, requiring only minimal immediate maintenance. The monthly rents are as follows: £975 for the ground floor unit, £1,150 for the first floor flat, and £1,050 for the top floor accommodation. A notable aspect of this property is the basement area that holds significant potential for conversion into another dwelling (subject to planning permissions), which could enhance both capital value and rental returns. With three self-contained units catering to a wide tenant demographic, occupancy rates remain robust. This opportunity appeals to both experienced landlords eager to diversify their investments and newcomers looking for a strong-yielding asset with future growth possibilities. Overall, with its reliable income profile and development potential, this property represents a sound investment choice for those seeking consistent returns.
