£485,000 OIRO

A rare opportunity to acquire 2 apartments in the town centre set on Monson Colonnade in the Town centre, the combined income for both properties is £22,740 pa, the top floor flat is set over 2 floors and provides 3 bedrooms and the ground floor apartment is a spacious one bedroom flat.

These flats are currently let on AST's and produce £1875 pcm, the Vendor is selling with the creation of new leases of 225 years with peppercorn GR.

The Vendor would consider selling the whole building including the ground floor shop with Freehold for the right offer the lease on the ground floor has 8 years left and the current rent is £2000 this would give a total annual rent of £45,000 pa  

ONE BEDROOM FLAT Is let on an AST and produces £8400.00pa, the flat has been maintained to a high standard, the current has occupied the property for several years and is happy to renew the contract moving forward, the accommodation is a large sitting room to the front, a generous double bedroom and kitchen to the rear, also there is a full fitted bathroom.  

THREE BEDROOM FLAT This flat has been maintained to a good standard and recently decorated by the owners, the current flat is let on an AST and produces £14340.00, there are 3 double bedrooms, spacious sitting room to the front, kitchen/dining room, and bathroom to the rear, this flat is split over three floors.