Residential investment - block of 3 apartments - gross yield 13.65%

An imposing, detached, sandstone building comprising three self contained flats which are all let producing an immediate income of £19,800 per annum providing a gross yield of 13.65% at the guide price. The property has been renovated and regularly maintained and is situated in this popular, by-passed, village between Whitehaven and Workington and was converted in 2015 into three separate units.

Tenure

Freehold

Flat 1 - Let at £600pcm

Hall Sitting Room 17'9 x 11'6 Kitchen 9'6 x 6'9 Bedroom 12' x 9'6 Bedroom 12' x 7'9 Boxroom 9'6 x 6'6 Bathroom 7'9 x 6'6

Flat 2 - Let at £500pcm

Sitting Room 14'9 x 11'9 Mezzanine Bedroom 18' x 10' overall Inner Hall Kitchen 9'9 x 8'9 Bathroom 9'9 x 5'6

Flat 3 - Let at £550pcm

Vestibule Lounge 18' x 10'6 Kitchen 10' x 9'9 Bathroom 9'9 x 5' Bedroom 10' x 18' Bedroom 7' x 18'

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Cumberland Council

Solicitors

Burnetts, 3c Lakeland Business Park, Ref: Kathryn Hill, Tel: 01900 510366

Additional Fees

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.