This property presents a notable freehold investment comprising five self-contained flats, each generating a stable rental income of £29,700 annually. With long-term tenants in place and potential rent increases due to below-market rates, this asset offers an opportunity for enhanced returns. The configuration includes two 2-bedroom flats, two 1-bedroom flats, and one 3-bedroom flat, all equipped with individual gas and electricity meters, along with secure intercom access. Recent improvements include double-glazed sash windows installed with planning approval, new felt roofing for the bay windows and entrance canopy, along with fresh timber guttering and painted facades using durable materials. Three flats have had their gas boilers replaced recently. Furthermore, the property benefits from updated electrical installation condition reports (EICRs) and a tested communal fire alarm system. A unique advantage is the additional rear plot of approximately 300 square metres which opens doors to future development possibilities, pending relevant planning consent. This investment opportunity balances current reliable income with significant growth potential through rent adjustments and leveraging development possibilities.
