6 pictures
Flat
·
for sale
£ 1,800,000
9 bedroom block of apartments for sale
Essex county
· 9 Bedrooms · 9 Baths · Flat
· Parking
Essex county · 9 Bedrooms · 9 Baths · Flat · Parking
A rare opportunity to acquire a freehold block of nine self-contained one-bedroom apartments, located on the edge of Chelmsford town centre, offering a strong, stable and fully compliant investment.The building comprises 9 × one-bedroom flats, all of which meet National Space Standards and benefit from a minimum EPC rating of ‘C’, ensuring the property is fully compliant with current and proposed rental legislation.The block is fully let, producing a current income of approximately £107,000 per annum, with two tenancies due for rent review in April, offering immediate rental growth potential.Investment SummaryFreehold residential block9 × 1-bedroom apartmentsFully let – no voidsCurrent income: £107,000 pa (approx.)4 parking spaces available all achieving £100 per month eachTwo rent reviews pendingGross yield: approx. 6%No rent arrears or historic defaultsNo letting fees – properties already letThis represents a clean, low-maintenance investment, ideal for investors seeking secure incom
A rare opportunity to acquire a freehold block of nine self-contained one-bedroom apartments, located on the edge of Chelmsford town centre, offering a strong, stable and fully compliant investment.The building comprises 9 × one-bedroom flats, all of which meet National Space Standards and benefit from a minimum EPC rating of ‘C’, ensuring the property is fully compliant with current and proposed rental legislation.The block is fully let, producing a current income of approximately £107,000 per annum, with two tenancies due for rent review in April, offering immediate rental growth potential.Investment SummaryFreehold residential block9 × 1-bedroom apartmentsFully let – no voidsCurrent income: £107,000 pa (approx.)4 parking spaces available all achieving £100 per month eachTwo rent reviews pendingGross yield: approx. 6%No rent arrears or historic defaultsNo letting fees – properties already letThis represents a clean, low-maintenance investment, ideal for investors seeking secure incom
£ 1,800,000