Property Details: • Type: Block of Apartments • Tenure: N/A • Floor Area: N/A
Key Features: • FREEHOLD BLOCK OF APARTMENTS FOR SALE • TWO ONE BED AND TWO TWO BEDROOM APARTMENTS FOR SALE • SOLD WITH TENANTS IN SITU WITH OPPORTUNITY TO INCREASE RENTAL RATES • CAR PARKING AREA INCLUDED IN FREEHOLD • GROSS RENTAL ROLL PER CALENDAR MONTH - £2,950 EQUATING TO £35,400 PER ANNUM
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: 112 Glascote Road Glascote Tamworth B77 2AF
Full Description: This freehold block of apartments in Wilnecote presents an excellent investment opportunity, offering a mix of two one-bedroom apartments and two two-bedroom apartments. Completed in 2022, the property benefits from a modern, high-quality finish and comes with the reassurance of a new build warranty, making it a secure and low-maintenance investment for the future owner.The freehold title includes one car parking space per apartment, providing tenants with convenient off-road parking. Each apartment is currently let on Assured Shorthold Tenancy Agreements, with three of the four apartments occupied on unfurnished terms. The one-bedroom apartments are generating £725 per month each, while the two-bedroom apartments are achieving £750 per month. This brings a total gross rental income of £2,950 per calendar month, or £35,400 per annum.The property also offers future potential for increased rental income, particularly with the opportunity to let the final available apartment and adjust rents in line with market demand. A small staircase leads to the top-floor apartments, adding a unique touch to the property’s layout, with the staircase powered by a landlord supply for efficiency and ease of maintenance.Located just a short drive from Tamworth town centre, the property benefits from a prime location with excellent transport links, making it highly attractive to tenants. The apartments are modern, spacious, and well-designed, perfectly suited for professionals and families alike, ensuring a steady demand for rental opportunities.With its strong current rental returns, the potential for growth, and its convenient and desirable location, this property represents a highly attractive investment for anyone looking to expand their portfolio in the thriving Wilnecote area.Apartment 1 and 2 hold a EPC value of a B and Apartment 3 & 4 hold an EPC value of a C.The internal floor space for each apartment is as following: - Apartment 1 - 505 sqftApartment 2 - 462 sqftApartment 3 - 548 sqftApartment 4 - 462 sqftEPC Rating: BParking - Allocated parkingOne car parking space per apartment and one visitors car parking space
