BUY TO LET INVESTMENT PROPERTY - ANNUAL GROSS INCOME OF CIRCA ?35,000 per annum !!!

EDWARDS GROUNDS offer for sale this substantial size period property converted into five one bedroom flats within the main building and an additional 3 bedroom detached property set to the rear of the gardens/grounds to the property. The five flats and detached property are currently rented on assured shorthold tenancy agreements generating a current gross annual rental income of ?35,280. The property is set within spacious grounds (Approx. 0.19 acres) with access via an underpass leading to space to rear for parking by residents and communal outside space for residents to utilise. Please contact us for further information on 01928 574477 or [email protected]
Communal entrance and hallway
Communal Hallway providing access to five individual flats
FLAT 1
1 bedroom flat. Approx. 473 square feet. Tenanted on an assured shorthold tenancy since 26/8/2021. Current rental income of ?450 pcm. EPC valid until 21/9/2025
FLAT 2
1 bedroom flat. Approx. 301 square feet. Tenanted on an assured shorthold tenancy since 7/17/2023. Current rental income of ?450 pcm. EPC valid until 4/7/2033
FLAT 3
1 bedroom flat. Approx. 376 square feet. Tenanted on an assured shorthold tenancy since 13/10/2022. Current rental income of ?500 pcm. EPC valid until 4/1/2028
FLAT 4
1 bedroom flat. Approx. 322 square feet. Tenanted on an assured shorthold tenancy since 6/10/2020. Current rental income of ?440 pcm. EPC valid until 23/7/2028
FLAT 5
1 bedroom flat. Approx. 376 square feet. Tenanted on an assured shorthold tenancy since 9/9/2023. Current rental income of ?550 pcm. EPC valid until 4/1/2028.
DETACHED PROPERTY
A detached property set to the rear grounds of 53 Derby Road. The property is three bedroom. Approx. 957 square feet. Tenanted on an assured shorthold tenancy since 1/11/2017. Current rental income of ?550 pcm. EPC valid until 4/7/2033






EXTERNALLY
To the front of 53 Derby Road is a flagged hardstanding area providing space for storage of bin and access to the secure communal hallway for Flats 1 to 5. To the left hand side is driveway leading through an under pass through to the rear grounds of the property. This area is substantial in size and offers communal/shared outside space to be enjoyed by the residence of 53 Derby Road and areas to park on an unallocated shared basis. Set to the rear of the grounds is access to the detached property. This property has an enclosed garden area across the front as well as use of the communal shared outside space.
Management of the Assured Shorthold Tenancy
The five flats and one detached property is currently managed by an established lettings company on behalf of the owners. The information provided on the rental income, terms of terms of current tenancies etc has been provided to us by the letting management company. Any interested parties may request further information from the letting management via ourselves prior to agreeing a purchase and via solicitor once purchase is agreed subject to contracts.
Local Authority
Halton Borough Council, Municipal Building, Kingsway, Widnes, Cheshire, WA8 7QF. Telephone: 0303 333 4300.
Council Tax Band
Band A for the Flats 1 to 5. Band B for the detached property
REFERENCE


CONTACT THE RUNCORN OFFICE
01928 574477
49 Church Street, Runcorn, WA7 1LG

All measurements are taken electronically and whilst every care is taken with their accuracy they must be considered approximate and should not be relied upon when purchasing carpets or furniture. Floor plans are not to scale and are for illustration purposes only. No responsibility is taken for any error, omission or misunderstanding in these particulars which do not constitute an offer or contract. Services and appliances have not been tested and therefore no warranty is offered on their operational condition.

WARNING NOTICE: The intruder alarm (if fitted), central heating boiler, radiators, gas or electric heaters and other gas or electrical appliances, which are mentioned in these details, have not been and will not be tested by us, as we are not qualified to do so. Purchasers are therefore advised to undertake their own independent tests, should they consider this necessary.
MAKING AN OFFER
The owners of the homes we have for sale have placed their trust in us to sell their homes effectively.

To help to achieve simplification of a process that can be complicated, we have developed a few steps to help all parties reach the right conclusion and make the correct decision for them.

Therefore, if you wish to make an offer on this or any other property we ask you to:

1. Register any interest with us at your earliest opportunity.

2. Book an appointment with us to determine your ability to further that interest.

3. Give us the information to improve the sellers ability to make an informed decision of your interest.

4. We promise to provide you with as much information and assistance as we are able, to help you confirm your ability to progress matters.

5. We promise to keep your appointment concise and to the point.
SURVEYS
For a professional independent survey and valuation advice, please call Edwards Grounds Surveyors 01925 653441.
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