Property Description

Located on the popular Branston Road, recently converted and refurbished end-terraced property into three self-contained flats currently with vacant possession. In our opinion we would estimate a combined rental income of £15,600 per annum, this represents a 10.75% return based on the guide price. The property is of a neutral decor and to the ground floor there are two one-bedroomed self contained flats and to the first floor a one-bedroomed self contained flat. Outside to the rear there is a upvc double glazed conservatory and garden mainly laid to lawn. The sale provides a genuine opportunity for a discerning purchaser looking to acquire a ready-to-go buy to let portfolio. Freehold sold with part vacant possession (as to 121) and part with the benefit of the Lease (as to 121A). The owners of no 121 Branston Road own the freehold of 121a Branston Road, and receive £100 per annum from the leaseholder. The accommodation comprises:

Ground Floor:

Comprising -

Communal Entrance Hall

With separate fuse boxes for the flats, laminate flooring and staircase to first floor.

Flat One:

Consisting of:

Kitchen 11ft 10 x 8ft 5

With uPVC double glazed window to front elevation, fitted kitchen in high gloss units with wall mounted cupboards, base unit, with preparation surface with stainless steel sink and drainer with mixer tap. There is also an integrated electric oven with hob and chimney style fan assisted cooker hood over. There is also a wall-mounted electric panel heater and access through to bedroom/lounge.

Bedroom/Lounge 13ft 8 x 11ft 11 reducing to 8ft 1

With uPVC double glazed window to front elevation, wall mounted electric panel heater and laminate floor covering.

En-Suite Shower Room

Comprises a quadrant shower tray, with shower unit over and sliding glazed shower screen, low level wc, pedestal wash hand basin, wall mounted mirrored cupboard and wall mounted electric heater.

Flat Two:

Consisting of -

Bedroom/Lounge 11ft 9 x 10ft 10

With uPVC window to rear elevation, built in cupboard, wall mounted electric panel heater and laminate floor covering.

Kitchen 9ft 10 x 5ft 6

With uPVC double glazed window to front, fitted kitchen in high gloss units with wall mounted cupboards, base unit, with preparation surface with stainless steel sink and drainer with mixer tap. There is also an integrated electric oven with hob and chimney style fan assisted cooker hood over. There is also a wall-mounted electric panel heater and access through to shower room.

Shower Room

Comprises a quadrant shower tray, with shower unit over and sliding glazed shower screen, low level wc, vanity wash hand basin, wall mounted mirrored cupboard and wall mounted electric heater.

First Floor:

Leading to -

Flat Three:

Consisting of -

Open Plan Living Kitchen Room 11ft 8 x 11ft 10

With uPVC double glazed window to front elevation, fitted kitchen in high gloss units with wall mounted cupboards, base unit, with preparation surface with stainless steel sink and drainer with mixer tap. There is also an integrated electric oven with hob and chimney style fan assisted cooker hood over. There is also a wall-mounted electric panel heater and access through to bedroom/lounge.

Bedroom 11ft 11 x 10ft 10

With uPVC double glazed window to the rear elevation, wall mounted electric panel heater and laminate floor covering.

Shower Room 9ft 9 x 6ft

Comprises a quadrant shower tray, with shower unit over and sliding glazed shower screen, low level wc, vanity wash hand basin, wall mounted mirrored cupboard and wall mounted electric heater.

Outside

There is a shared passageway leading to the rear garden which is mainly lawned and a uPVC double glazed conservatory/sunroom.

Estimated Rental Income

Flats 1 and 2 - The seller has informed us he has been given verbal quotes from local estate agents at £425 per calendar month for the flats and £450 per calendar month for Flat 3. These combined represent an estimated rental income of £15,600 per annum.

Please Note:

Freehold sold with part vacant possession (as to 121) and part with the benefit of the Lease (as to 121A). The owners of no 121 Branston Road own the freehold of 121a Branston Road, and receive £100 per annum from the leaseholder.

Virtual Tour

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Tenure

Freehold

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