This substantial semi-detached property will suit those looking to create a high yielding investment. Taking up the entire ground floor, Flat 1 is currently a shell and could be developed to create a three bedroom apartment. The remainder of the building is divided into 4 x studios, a one bedroom flat and has further space on the first floor to create another income generating unit. The property is currently let to a charity who pay the landlord direct and occupy the units with people they are assisting/supporting. Three of the units are let and, with further development, there could be the potential to generate in excess of £25,000 per annum. The local council have provided a schedule of works deemed necessary for the continued letting of the building (see legal pack).
Buyers should be aware that there is currently a dispute between the seller and the charity. Please see legal pack for further information.
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