10 Bedroom Block of Apartments House to Rent

Full Description

PUBLIC NOTICE 21 DAYS

We advise that an offer has been made for the above property in the sum of £300,000.
Any persons wishing to increase on this offer should notify Bailey & Staples of their best offer prior to exchange of contracts.
Please note, new offers can be submitted and accepted up until exchange of contracts has taken place.




Ready-Made Rental Portfolio - 7 Flats, 10-12 Mallaby Street
Currently achieving £23,719.92pa from 5 tenanted units, with clear potential to uplift rents and boost returns.
A strong-yielding, low-maintenance investment with long-term growth prospects.
**Early viewing essential**


An outstanding investment opportunity offering an immediate return with a healthy yield of approximately 7.4%, alongside strong potential for increased rental income - as all tenants are now out of contract.

Property Breakdown
No. 10 - 2 Flats
Flat A: 3 bedrooms, 1 reception room, 1 bathroom, and a kitchen
Flat B: 1 bedroom, 1 reception room, 1 bathroom, and a kitchen

No. 12 - 5 Flats
Two 2-bedroom flats
Three 1-bedroom flats
Each with 1 reception room, 1 bathroom, and a kitchen

Key Information

5 flats currently tenanted, 2 vacant

Current rent per flat ranges from £346.66 to £475 pcm (with scope for increase)

Breakdown:

10 (a): £475 pcm
10 (b): £346.66 pcm
12 (1): £375 pcm
12 (2): £390 pcm
12 (5): £390 pcm

Can be sold with tenants in situ

EPC Ratings

Ratings: C & D
Expiry dates: Between August 2032 and September 2035

This property represents an excellent opportunity for investors seeking a ready-made rental portfolio with immediate income and clear potential for further growth.

Council Tax Band: A
Tenure: Freehold
Parking options: On Street
Garden details: Communal Garden


Please note
MISREPRESENTATION ACT 1967
These particulars, whilst believed to be accurate are set out for guidance only and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation or fact, but must satisfy themselves by inspection or otherwise to their accuracy.

Services
The agents have not tested any of the appliances, equipment or heating systems (Gas, electrical or otherwise) mentioned in these particulars and purchasers are advised to satisfy themselves as to their working order prior to any legal commitments. Photographs are for illustration purposes only and items shown in photos may not be included in the sale. Measurements - The approximate room sizes are only intended as general guidance and must be verified by any potential purchaser prior to exchange of contracts.

Mortgage Services
Bailey and Staples can refer you to a mortgage consultant who can offer you a full range of mortgage products and save you the time and inconvenience by trying to get the most competitive deal to meet your requirements. The mortgage consultant deals with most major Banks and Building Societies and can look for the most competitive rates around to suit your needs.
We are paid an introducers fee of 30% of the fee/commission earned by the Broker on referral. Please ask for more details.

Conveyancing Services
Bailey and Staples can refer you to recommended Conveyancers that in our experience, provides excellent customer service and communication throughout the sales process.
We are paid an introducers fee on referrals by certain Conveyancers, please enquire for more details

More Information from this agent