The property comprises 4 x generously sized apartments situated above a retail shopping parade, with access provided to the rear of the parade. The accommodation consists of 2 x 2-bedroom apartments and 2 x 3-bedroom apartments, all arranged over two floors. Each apartment offers a fitted kitchen, bathroom and notably large living room, with the bedrooms positioned on the second floor to provide a practical separation between living and sleeping areas.
Although finished to a basic standard throughout, the apartments benefit from spacious layouts and well-proportioned rooms, presenting an excellent investment or rental opportunity.
Apartments 1A, 3A and 5A Altway are currently occupied. Apartment 134A Altway is currently vacant and undergoing minor refurbishments. The apartments, when fully let, would produce a gross rental income of £33,500 per annum, which reflects an Estimated Rental Value Gross Initial Yield of 10.14% and an Estimated Rental Value Net Initial Yield of 7.9%, assuming Purchaser's Costs at 1.8% and Stamp Duty Land Tax at £26,000.
The apartments are to be sold long leasehold on 250 year long leases.
