This investment opportunity features a substantial block of flats located in a desirable town centre area, showcasing classic Victorian architecture with distinctive period details. The property consists of multiple generously sized apartments, each with private entrances and charming period elements such as sash windows and original shutters. Currently well-maintained, the building includes a large basement that holds significant potential for further development.
Each unit is currently tenanted, providing an immediate rental income stream upon acquisition. There is considerable scope to enhance rental yields through modernisation efforts across several units. This property also presents an asset management opportunity by potentially subdividing into leasehold units and introducing ground rents or service charges.
The basement space could be converted into two additional flats, subject to necessary consents, offering further investment upside. With a solid tenant history including many long-term occupants, this property not only generates reliable income but also allows for strategic improvements to rental values in the future. Notably, some apartments would benefit from updates that can significantly boost their market rents.
This is a rare chance to secure a high-yielding multi-unit residential asset with both immediate cash flow and the prospect for higher returns as refurbishment initiatives are undertaken.
