PROPERTY FOR SALE

Just recently renovated and updated, immediate vacant possession and ready to go. Twelve self-contained studio apartments, many featuring a mezzanine bedroom separate from the main living area. Flats 5 and 8 benefit from balconies overlooking Fairholme Road. The building is arranged over four floors, with nine apartments accessed via a central staircase. The three lower-ground studios have their own separate entry. The apartments include a central communal heating and hot water system renewed in 2024, a communal laundry room, and a lower-ground vaulted storage area. The apartments until recently were generating £139,250 per annum in rental income, representing a 5.73% return. However, a new owner could easily achieve at least £1,500 per month per apartment, equating to £216,000 per annum, which is an 8.4% return at the asking price, assuming minor updates are carried out.