We are delighted to bring this late Victorian property to the Auction Market. Now converted to 5 Self-Contained Apartments, this substantial double-aspect Victorian property is located in a high-demand rental area, and offers strong income performance, with scope for uplift by refurbishment. The apartments are, 2 x Two-Beds and 3 x One-Beds and benefiting from Double Glazing, Gas central heating , Independent pay-as-you-go gas and electricity meters. A selection of interior photographs is provided. The property is located on a main arterial route to the city centre, with bus stops a short walk away. The property would benefit from internal updating. Cosmetic and functional improvements would unlock higher rental yields, given the strong local demand and limited supply of quality units, which are fully let with the following monthly rents:
Apt. Bedrooms Monthly Rent
1 2-bed £541
2 2-bed £575
3 1-bed £500
4 1-bed £550
5 1-bed £575
Total Annual Rental Income: £32,892
* No information, statement, description, quantity or measurement contained in any sales particulars, or given orally, or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out, issued by or on behalf of BRG Gibson Auctions Ltd, or the vendor in respect of the property shall constitute a representation, or a condition or a warranty on behalf of BRG Gibson Auctions Ltd, or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BRG Gibson Auctions Ltd, or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally, or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BRG Gibson Auctions Ltd, or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BRG Gibson Auctions Ltd, or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BRG Gibson Auctions Ltd, or the vendor.
Submit an enquiry and someone will be in contact shortly.
