Property Description

A total of 5 apartments for sale across two neighbouring blocks. Two apartments currently let and three currently vacant, once all occupied in the current condition a rental income of £3,615 per calendar month - £43,380 per annum - representing an attractive yield of 12.39% against the guide price. The freeholds of each block are also included in the sale. Each property benefits from gas central heating, double glazing and free on-street parking without permit. Flat 1, 31 Delamark Road - Let at £775 per calendar month. Flat 2, 31 Delamark Road - Let at £640 per calendar month. Flat 3, 31 Delamark Road - Vacant - Achievable rent of £700 per calendar month. Flat 2, 29 Delamark Road - Vacant - Achievable rent of £700 per calendar month. Flat 3, 29 Delamark Road - Vacant - Achievable rent of £800 per calendar month. Shops, restaurants, pubs and the seafront are all within easy walking distance, making it an ideal spot for investors to have a strong rental demand.

Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Flood Risk

Rivers and Seas - Very Low. Surface Water - Low.

Building Construction

Solid brick, as built, no insulation (assumed) - Information taken from EPC.

Broadband (estimated speeds)

Standard 19 mbps and Superfast 80 mbps show as available in this location

Mobile Signal

EE, O2, Vodaphone and Three show as available in this location.

Satellite and Cable TV Availability

Sky and BT show as available in this location.

Note to Buyers

Buyers are to note that we have not been provided with evidence of rental increases in relation to Flats 1 & 2, 31 Delamark Road. The legal documents include a possession order for Flat 3, 31 Delamark Road. Prospective Buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

See Legal Pack

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