Block of three modern apartments with tenants in situ
Garage and parking with each apartment
Well-regarded residential area of Loughborough
Fully fitted kitchens and modern bathroom suites
Fantastic road network access to surrounding cities
Return in the region of 6% gross yield
EPC Rating: Flat 1: D, Flat 2: C, Flat 3: D
Council Tax Band: B
General Description
Smiths Property Experts present this most interesting and rare opportunity to purchase a modern freehold block of three apartments in this well-regarded residential area of Loughborough. The property comprises three modern apartments, all with tenants in situ and paying open market rent giving a return in the region of 6% gross yield. The area is dominated by freehold homes and as such this is not an area highly saturated with rental apartments.
Location
The property occupies a prominent position at the head of a cul-de-sac. It is conveniently located near a Morrisons supermarket, several good schools, and excellent public transportation options. Loughborough town centre offers a wide range of amenities, including a renowned university, and a train station that provides access to Nottingham, Derby, Leicester, and London St Pancras within 75 minutes. The nearby cities of Nottingham, Derby, Leicester, and Birmingham are easily accessible via a fantastic road network
The Property
In total, the block extends to 2449 square feet including bright communal areas with storage, a meter cupboard and a communal staircase. There are three garages with parking in front, one designated for each apartment. The apartments have fully fitted kitchens and modern bathroom suites. To the ground floor is a sizeable one-bedroom flat, with the first and second floors both containing two-bedroom flats.
Valuers Comments
The property must be considered an excellent long-term investment for the right purchaser and would work brilliantly as a pension or addition to a portfolio.
Property Information
EPC Rating: Flat 1: D, Flat 2: C, Flat 3: D.
Tenure: Freehold. Council Tax BandB.
Local Authority: Charnwood Borough Council
Important Information
Every care has been taken with the preparation of these Sales Particulars, but complete accuracy cannot be guaranteed. In all cases, buyers should verify matters for themselves. Where property alterations have been undertaken buyers should check that relevant permissions have been obtained. These particulars do not constitute any part of an offer or contract. All measurements should be treated as approximate and for general guidance only. Photographs are provided for general information, and it cannot be inferred that any item shown is included in the sale. Plans are provided for general guidance and are not to scale. Any outline plans within these particulars are based on Ordnance Survey data and are provided for reference only.
Smiths Property Experts
Smiths Property Experts are a modern, forward-thinking estate agency that strives to offer excellent advice and customer service. Experienced and adept at all things property, our firm can assist with mortgages, insurance, solicitor contacts, planning permission and development execution. Above all, we are happy to offer advice tailored to you as a potential client, or as a potential purchaser of one of our client's properties. You are invited to contact us if you require assistance with anything 'house or home'.
Location
Description
Fantastic investment opportunity
Block of three modern apartments with tenants in situ
Garage and parking with each apartment
Well-regarded residential area of Loughborough
Fully fitted kitchens and modern bathroom suites
Fantastic road network access to surrounding cities
Return in the region of 6% gross yield
EPC Rating: Flat 1: D, Flat 2: C, Flat 3: D
Council Tax Band: B
General Description
Smiths Property Experts present this most interesting and rare opportunity to purchase a modern freehold block of three apartments in this well-regarded residential area of Loughborough. The property comprises three modern apartments, all with tenants in situ and paying open market rent giving a return in the region of 6% gross yield. The area is dominated by freehold homes and as such this is not an area highly saturated with rental apartments.
Location
The property occupies a prominent position at the head of a cul-de-sac. It is conveniently located near a Morrisons supermarket, several good schools, and excellent public transportation options. Loughborough town centre offers a wide range of amenities, including a renowned university, and a train station that provides access to Nottingham, Derby, Leicester, and London St Pancras within 75 minutes. The nearby cities of Nottingham, Derby, Leicester, and Birmingham are easily accessible via a fantastic road network
The Property
In total, the block extends to 2449 square feet including bright communal areas with storage, a meter cupboard and a communal staircase. There are three garages with parking in front, one designated for each apartment. The apartments have fully fitted kitchens and modern bathroom suites. To the ground floor is a sizeable one-bedroom flat, with the first and second floors both containing two-bedroom flats.
Valuers Comments
The property must be considered an excellent long-term investment for the right purchaser and would work brilliantly as a pension or addition to a portfolio.
Property Information
EPC Rating: Flat 1: D, Flat 2: C, Flat 3: D.
Tenure: Freehold. Council Tax BandB.
Local Authority: Charnwood Borough Council
Important Information
Every care has been taken with the preparation of these Sales Particulars, but complete accuracy cannot be guaranteed. In all cases, buyers should verify matters for themselves. Where property alterations have been undertaken buyers should check that relevant permissions have been obtained. These particulars do not constitute any part of an offer or contract. All measurements should be treated as approximate and for general guidance only. Photographs are provided for general information, and it cannot be inferred that any item shown is included in the sale. Plans are provided for general guidance and are not to scale. Any outline plans within these particulars are based on Ordnance Survey data and are provided for reference only.
Smiths Property Experts
Smiths Property Experts are a modern, forward-thinking estate agency that strives to offer excellent advice and customer service. Experienced and adept at all things property, our firm can assist with mortgages, insurance, solicitor contacts, planning permission and development execution. Above all, we are happy to offer advice tailored to you as a potential client, or as a potential purchaser of one of our client's properties. You are invited to contact us if you require assistance with anything 'house or home'.
Location
Floorplan
Floorplan
Floorplan
To discuss this property call our Loughborough branch:
