INVESTMENT OPPORTUNITY: BLOCK OF FLATS
This substantial period mid-terrace property of traditional brick construction, having spacious accommodation arranged over three floors.
Three self-contained one bedroom/ studio flats over the ground, first and second floors. Access to the property is via a small front garden, set back from the street.
Externally, the property benefits from a large open area of hard standing providing off road parking. The parking is accessed from the rear access road which runs parallel with Walmersley Road.
Accommodation - Total – 214 Sq. M (2303 Sq. Ft) – combined total floor area taken from Flats 1-3 EPCs.
Services - We understand the property to have mains electricity, water and drainage. We advise all parties to make their own enquiries.
Tenure - The property is long leasehold.
Approx yield - 8.4%
Current annual gross income - £13,104