Property description

Have you been searching for an opportunity to add nearly £28,000 a year in rental income to your portfolio? If you have, then this might just be the investment for you! Welcome to Campbell Street!

Originally being a builders yard, the current owners converted the property into four separate flats. They are all currently let, and have been consistently tenanted since they were converted around ten years ago.

The current rental income totals at just under £28,000 per year, but there is scope to increase that upon renewals of tenancies.

The properties are broken down as follows:

Flat 1 - A large, ground floor, one bedroom apartment. Currently let for £460pcm. The current tenant has been here for several years. The has potential to be let for between £550pcm and £595pcm if a new tenant were to move in, but if the current tenant stayed, gradual increases could be implemented annually.

Flat 2 - A well proportioned, ground floor, two bedroom apartment. Currently let for £625pcm, and was redecorated before the current tenant moved in over a year ago.

Flat 3 - A first floor two bedroom apartment. This property has some beams and charming features, making it look and feel bigger. This flat is currently let for £600pcm.

Flat 4 - Another first floor two bedroom apartment with charming features. This flat was also redecorated prior to the current tenants moving in. This is currently let for £635pcm.

All of the two bedroom units could achieve more now, with a realistic minimum rental of £650pcm for any of them, and almost certainly closer to £695pcm. So based on all of the lower rental estimates, an annual rental of £30,000 is more than achievable with some rental increases.

The property also comes with one parking space for each apartment, a communal outside area, and most importantly, comes with the Freehold and all of the individual leases.

For more information, call Newman Property Experts!

Disclaimer

Disclaimer: Whilst these particulars are believed to be correct and are given in good faith, they are not warranted, and any interested parties must satisfy themselves by inspection, or otherwise, as to the correctness of each of them. These particulars do not constitute an offer or contract or part thereof and areas, measurements and distances are given as a guide only. Photographs depict only certain parts of the property. Nothing within the particulars shall be deemed to be a statement as to the structural condition, nor the working order of services and appliances
Amenities

Freehold Investment Opportunity

Four Apartments

1 x 1 Bed & 3 x 2 Beds

All Currently Let

Annual Rental Circa £28,000 pa

Scope to Increase Rental Income

Close To Town Centre

Off Road Parking

Communal Outside Space