Apartments 1-4, Thorpe Road, Melton Mowbray

Property Details: - Type: Block of apartments - Bedrooms: 4 - Bathrooms: 4

Agent: Shouler & Son - Melton Mowbray Phone: 01664 518919

A fantastic opportunity to acquire a freehold detached block of 4 apartments situated within this period residential building within walking distance to the town centre. <br/><br/>The apartments are all occupied by tenants all on assured shorthold tenancy agreements and historically have a good rate of occupancy. <br/><br/>To be sold as a going concern with tenants remaining in situ all on assured shorthold tenancies.<br/><br/>Freehold investment opportunity.<br/><br/>Detached house with 4 self contained 1 bedroom apartments. <br/><br/>Well presented internal accomodation, each apartment comprises of kitchen, living room, bedroom and bathroom. <br/><br/>Apartment 1 Rent : Rent of £535 PCM (currently on AST but due to become APT on 1st May 2026) <br/>Apartment 2 Rent : Rent of £535 PCM (currently on AST but due to become APT on 1st May 2026) <br/>Apartment 3 Rent : Rent of £550 PCM (currently on AST but due to become APT on 1st May 2026) <br/>Apartment 4 Rent : Rent of £540 PCM (currently on AST but due to become APT on 1st May 2026)<br/><br/>Annual rent being achieved totals £25,920 offering a return of 7.5% PA (subject to no other liabilities/fees or taxes).<br/><br/>Annual rent : £25,920 per annum. <br/><br/>Close to town centre, each apartment has its own designated central heating system.<br/><br/>The Properties let unfurnished. <br/><br/>Council Tax : Melton Borough Council : Band A for each apartment. <br/><br/>Deposit : 5 weeks rent taken as deposit and held with the TDS in an insured scheme. <br/><br/>Services : Mains electricity, gas, water and drainage.<br/><br/>