*CASH BUYER ONLY* *OPEN DAY WEDNESDAY 25TH SEPTEMBER 12 - 2pm* A lucrative investment opportunity! Comprising 10 flats with immediate rental income of £35,000. Freehold on two titles, no ground rent/service charges. Potential for enhancement and further development. Contact for viewing!
Nestled on the corners of Semilong Rd and St Pauls Road, this block of apartments presents a remarkable investment opportunity for discerning investors. Comprising a total of 10 flats, this property offers a lucrative proposition with the potential for significant returns.
The four one-bedroom flats situated on Semilong Rd each boast their independent access, providing convenience and privacy for occupants. Furthermore, Flat 2, currently undeveloped, presents an exciting opportunity for further enhancement. This generous-sized unit can be accessed from Semilong Rd and St Pauls Rd and features the added bonus of a basement, offering versatility in potential usage.
Located within a compact block at Semilong Rd, Flats 1, 2, 3, 5, and 6 offer a cohesive living experience in a well-maintained setting. The property is partially rented, already generating an annual income of £35,000 gross, underlining its immediate income-generating potential.
The current let flats include water, gas and electric in the rents paid.
Boasting a freehold on two titles, this property benefits from the absence of ground rent or service charges, providing favourable financial prospects for prospective owners. This structure ensures a straightforward and transparent ownership experience while eliminating common additional costs associated with property ownership.
Whether you are an experienced investor looking to expand your property portfolio or a first-time investor seeking a promising venture, this block of apartments presents an attractive opportunity in a sought-after location. With strong rental potential and the chance for further development, this property offers versatility and growth opportunities for the astute investor.
In conclusion, this block of apartments on Semilong Rd and St Johns Road represents a significant investment opportunity with multiple avenues for growth and income generation. Contact us today to arrange a viewing and discover the potential that this property holds for your investment portfolio.
CASH BUYER ONLY
OPEN DAY WEDNESDAY 25TH SEPTEMBER 12 - 2pm
Any interested parties should email [email protected] to book in your time slot to view.
