High Yielding block of 4 leasehold Flats together with the freehold of the building -97 Barnsley Road
A block of 4 x 1 bedroom flats with 4 new leases along with the freehold for the block. Currently generating £1,260 rental income per month (£15,120 pa) which at the asking price is a yield of 7.6% with a potential of increasing to £20,000pa (8.5%)
The property itself was converted from a shop with anciliary accomodation into flats about 15 years ago. Flat 1 has its own entrance at the front of the building and is on the ground and basement floors. Flats 2, 3 and 4 are accessed through a communal entrance at the side of the property with flat 2 being on the ground floor flat 4 being on the first floor and flat 3 being a maisonette on the first and second floors.
Flat 1 - From the private entrance into a large open plan sitting room/kitchen comprising a modern fitted kitchen with oven and hob. Door to stairs down to the large bathroom with modern shower and a storage cupboard. Also to the large double bedroom with fitted wardrobes. There is also another door to a fire escape.
Flat 2 - at ground floor next to the entrance. an open plan sitting room/kitchen comprising a modern fitted kitchen with oven and hob. corridor to bathroom with modern shower . Also to the double bedroom with fitted wardrobe.
Flat 3 -on the first floor is the apartment entrance leading to the apartment entrance lobby. This leads to an open plan sitting room/kitchen comprising a modern fitted kitchen with oven and hob with windows on two aspects. Back to the corridor there are stairs leading to the double bedroom with a seperate storage/wardrobe area, and bathroom with modern shower .
Each of the 4 apartments have gas central heating and are fully double glazed.
The flats are all currently occupied but the block is available with vacant posession if required.
The property offers a total size of 133.83 square metres comprising 4 Flats and a communal area. The flats occupy the following approximate square footages;
Flat 1 – 47.93 m2 Flat 2 – 27.08 m2 Flat 3 – 34.9 m2 Flat 4 – 27.92 m2
Note: these flats were the former home of a famous football player and a blue plaque is to be put on the property at some point.
Area Description
Close to amenities including local schools and shops. Nearby the area has seen significant development over the last decade with the building of substantial businesses at the Manvers Trading Estate.
