TYPEOther, Residential, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON27th October 2022
Description
The Portfolio comprises a stabilised income producing residential investment arranged in three adjacent unbroken blocks around a central courtyard.
It is made up of 21 self-contained apartments and a central car parking area with gated access.
The three blocks comprise one conversion of a former hosiery unit into five apartments and two new build blocks, one of four and the other of 12 apartments. There is also considered to be the opportunity of creating two additional units in the roof space of Block 1 - 4, subject to planning and related consents.
The development was undertaken in 2008 by the Vendor’s family, JA Ball and has been held as an income producing investment since.
The conversion is a two storey block of solid brick elevations incorporating powder coated aluminum framed windows under a pitched and hipped tile covered roof. The new builds are of two and three storey comprising block and brick elevations, incorporating uPVC double glazed windows under pitched tile covered roofs.
Internally the common parts and the apartments are finished to a good quality and the units are separately metered for gas and electricity.
