This substantial Victorian block of flats is a compelling investment opportunity located in a desirable town centre. Each unit features its own private entrance and retains charming period characteristics such as sash windows and original shutters. The property is currently well-maintained, yet there are opportunities for modernization that could significantly enhance rental yields. Notably, the sizeable dry basement holds potential for conversion into two additional flats, subject to necessary permissions.
Currently, all apartments are tenanted, providing immediate rental income alongside the opportunity for further financial gain through strategic asset management. With several long-term tenants already in place, this multi-unit property offers a solid foundation for investment.
Each flat presents varying potential rental income levels; some units would greatly benefit from updates that could streamline functionality and maximize value. The estimated total annual income when fully occupied is around £57,300 with a projected yield of 14%. This is an excellent chance to acquire not just immediate cash flow but also a property with promising long-term upside.
