Standout Features
- BTL investors only
- Gross yield 9.2%
- Professionally managed by Martin & Co
- Long term tenants in all apartments
- Freehold
- Modern apartments
- Allocated parking for each apartment
- Town centre location
Property Description
Why you'll like it Martin & Co are delighted to present this exceptional freehold investment opportunity, consisting of six modern two-bedroom apartments situated in the heart of Melksham. Completed within the last six years, the building is well maintained throughout and arranged over three floors, with two apartments on each level. The block also benefits from allocated site parking.
All six apartments are fully let to long-standing tenants, each with guarantors in place, and have been professionally managed by Martin & Co since completion. The property has enjoyed zero voids to date, a testament to both the quality of the accommodation and the strong demand for rental homes in the area. The block generates a total rental income of £61,920 per annum, equating to a gross yield of approximately 9.2% at the current guide price of £675,000.
Each apartment offers modern living with gas central heating, double glazing, a contemporary fitted kitchen, spacious living accommodation, two well-proportioned bedrooms and a stylish bathroom, making them highly desirable to tenants and ensuring consistent rental performance.
Located in central Melksham, Bolwell Place provides excellent access to the town centre, a wide range of local amenities, and convenient transport links to nearby towns and cities including Bath, Chippenham and Trowbridge.
This is a rare opportunity to acquire a fully let, income-producing block with proven performance, modern build quality and strong yields. Early interest is strongly encouraged.
Property location
Melksham is a lovely market town situated on the banks of the Bristol Avon. It was once part of a vast royal forest; a favourite hunting ground of Tudor kings.
Today the population is around 23,000 and it is the home to many businesses and has a beautiful historic Town Centre; full of independent shops and plenty of cafes, pubs and restaurants, with a regular Tuesday Market. Compact and easily accessible, Melksham's library, gym, swimming pool, tourist information centre and parks are all in easy walking distance of the centre.
Melksham has a wealth of clubs and societies for all ages and tastes. There are some beautiful walks in and around Melksham, including the Riverside Walk along the Avon.
The Kennet and Avon Canal also passes through Melksham, offering a great bike ride or walk to the famous Devizes Caen Hill Locks to the east and Bradford on Avon and Bath to the west.
Melksham is gaining in popularity due to its ideal location on the A350, a main gateway to the magnificent Wiltshire countryside. Several bus routes serve Melksham, including the National Express from London, and Melksham trains connect to Bristol, London and Swindon. Melksham is the ideal satellite base for visitors seeking reasonable, inexpensive accommodation and good eating-out facilities. Its position 10 miles south of junction 17 of the M4 on the A350 provides an excellent centre to explore nearby Lacock and Avebury and the attractive towns of Devizes, Bradford on Avon and the City of Bath.
How to find me
Satnav postcode: SN12 7FB
What3Words: ///cornering.smooth.chromatic
For your information
Martin & Co Westbury haven't tested any of the appliances listed in these details, or asked for warranty or service certificates, unless stated - they're on an 'as seen' basis.
You should only use floor plans and measurements as a general guide to room layout and design, as they're not exact. Potential buyers are advised to recheck the measurements before completion.
Money Laundering Regulations: Purchasers will be asked to produce identification and proof of residency documentation, once an offer has been agreed, we need to hold this on file before solicitors can be instructed.
All six apartments are fully let to long-standing tenants, each with guarantors in place, and have been professionally managed by Martin & Co since completion. The property has enjoyed zero voids to date, a testament to both the quality of the accommodation and the strong demand for rental homes in the area. The block generates a total rental income of £61,920 per annum, equating to a gross yield of approximately 9.2% at the current guide price of £675,000.
Each apartment offers modern living with gas central heating, double glazing, a contemporary fitted kitchen, spacious living accommodation, two well-proportioned bedrooms and a stylish bathroom, making them highly desirable to tenants and ensuring consistent rental performance.
Located in central Melksham, Bolwell Place provides excellent access to the town centre, a wide range of local amenities, and convenient transport links to nearby towns and cities including Bath, Chippenham and Trowbridge.
This is a rare opportunity to acquire a fully let, income-producing block with proven performance, modern build quality and strong yields. Early interest is strongly encouraged.
Property location
Melksham is a lovely market town situated on the banks of the Bristol Avon. It was once part of a vast royal forest; a favourite hunting ground of Tudor kings.
Today the population is around 23,000 and it is the home to many businesses and has a beautiful historic Town Centre; full of independent shops and plenty of cafes, pubs and restaurants, with a regular Tuesday Market. Compact and easily accessible, Melksham's library, gym, swimming pool, tourist information centre and parks are all in easy walking distance of the centre.
Melksham has a wealth of clubs and societies for all ages and tastes. There are some beautiful walks in and around Melksham, including the Riverside Walk along the Avon.
The Kennet and Avon Canal also passes through Melksham, offering a great bike ride or walk to the famous Devizes Caen Hill Locks to the east and Bradford on Avon and Bath to the west.
Melksham is gaining in popularity due to its ideal location on the A350, a main gateway to the magnificent Wiltshire countryside. Several bus routes serve Melksham, including the National Express from London, and Melksham trains connect to Bristol, London and Swindon. Melksham is the ideal satellite base for visitors seeking reasonable, inexpensive accommodation and good eating-out facilities. Its position 10 miles south of junction 17 of the M4 on the A350 provides an excellent centre to explore nearby Lacock and Avebury and the attractive towns of Devizes, Bradford on Avon and the City of Bath.
How to find me
Satnav postcode: SN12 7FB
What3Words: ///cornering.smooth.chromatic
For your information
Martin & Co Westbury haven't tested any of the appliances listed in these details, or asked for warranty or service certificates, unless stated - they're on an 'as seen' basis.
You should only use floor plans and measurements as a general guide to room layout and design, as they're not exact. Potential buyers are advised to recheck the measurements before completion.
Money Laundering Regulations: Purchasers will be asked to produce identification and proof of residency documentation, once an offer has been agreed, we need to hold this on file before solicitors can be instructed.
Additional Information
Tenure:
Freehold
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Bolwell Place, Melksham
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