Property Details: • Type: Block of Apartments • Tenure: N/A • Floor Area: N/A
Key Features: • RP1132 • Sea Views • Great Investment.
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: 1 Northumberland Avenue, Trafalgar Square, London, WC2N 5BW
Full Description: RP1132 -We are delighted to present this fantastic investment opportunity, two Buildings with 6 freehold flats ( 3 Flats in each building)with excellent income potential. Whether you’re a seasoned investor or just starting to build your portfolio, this property offers a blend of steady rental income and the potential for further development.Property DetailsProperty One Comprises of Three 1 bedroom apartments Fully tenanted, providing a current annual rental income of £21,600. With a potential to effortlessly increase this to £24,000 per Annum Tenants in situ (with a new 12 month contract) ensuring immediate returns. Sea views from the top floor & Middle floor apartments large bay windows.Property Two This is currently uses as holiday lets providing a £15,000 income over 4-5month of the year. This building comprises of two, 1 bedroom apartments and a one, 2bedroom apartment. Potential to convert the loft space in the top floor apartment which the current owner has started and currently uses for storage space. Top floor apartment is well decorated with modern amenities with sea views from the large bay window. The middle apartment is a two bedroom. Well decorated with modern amenities with sea views. Ground floor apartment one bedroom kitchen, utility room with doors from the kitchen leading into the garden.Garden In the garden there is a separate one bedroom and bathroom lodge. Plumbing and electric has been installed. There is access to this via the entrance of Property 1.Total Current Income £36,600 from long term rents and holiday lets.Growth potential Increased Rental rates Increased long term rentals in Property 2 This would give a potential annual income of £49,500This is an unparalleled opportunity to acquire this versatile property in a sought after location.Property 2Ground Floor Apartment Lounge - 3.88m x 4.58m into the bay Bedroom - 3.82m x 3.2m Kitchen - 4m x 3m Bathroom Utility RoomMiddle Floor Apartment Lounge - 4m x 3.2m Bedroom 1 - 4.5m into the bay x 3.47m Bedroom 2 - 3m x 2.47m Kitchen - 2.25m x 1.75m BathroomTop Floor Apartment Lounge - 4.5m into the bay x 3.34m Bedroom - 2.95m x 3.17m Kitchen 2.61m x 1.8m Bathroom - Loft Space - 6.5m into the eaves x 5.1m into the eaves.Important Notice.In accordance with the Property Misdescriptions Act (1991) we have prepared these sales particulars as a general guide to give a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts.
