Multi Unit Investment Block
Summary
- 8.5% Gross Yield
- 6 Separate Units
- Current Rent £55,680 PA
- South Warrington Location
- Highly Sought After Area
- Potential to Extend at Rear
- Includes Car Parking
- 5 Flats & 1 Retail
Location
The property is situated on Lindi Avenue, just off the A55 Chester Road, Grappenhall.
Grappenhall is a popular south Warrington location, 2 miles from the M6/M56 Motorway interchange.
Surrounding property is good quality residential, comprising mainly semi-detached family homes.
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Mainline Stations
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Padgate44 mins
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Warrington Central47 mins
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Warrington Bank Quay50 mins
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Birchwood53 mins
Underground Station
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Chesham2723 mins
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Amersham2760 mins
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Chalfont and Latimer2788 mins
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Chorleywood2823 mins
Further Information
Rates Payable Upon Enquiry
EPC Rating This property has been graded as C (72)
Description
An adjoining pair of two storey mid terraced properties converted into 5 flats and a salon/retail unit, together with large rear yard, that is currently used for parking and could be potentially extended into.
The flats are currently let on Assured Shorthold Tenancy Agreements. The ground floor retail unit is let as a hair salon.
This is an excellent opportunity for an investor to acquire a property in an affluent south Warrington location with established tenants.
Tenure
Freehold.
Accommodation
14 Lindi Avenue: Lounge/kitchen, bedroom and bathroom.
14a Lindi Avenue : Lounge/kitchen, hallway, bedroom and shower room.
14b Lindi Avenue: Lounge, bedroom, kitchen, bathroom.
16 Lindi Avenue: Shop, kitchen area, wc.
16a Lindi Avenue: Lounge/kitchen, bedroom and bathroom.
16b Lindi Avenue: Hallway, lounge/kitchen, bedroom and shower room.
Asking Price
£650,000.
Rental Income
Currently £55,680 per annum.
Yield Analysis
The gross rental income provides an all risks gross yield of just 8.5%.
VAT
We understand that VAT is not applicable to the above sale price.
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