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7 bed Block of Flats | Rugby WAR | 6220901555

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7 bed Block of Flats

7 bed Block of Flats in Rugby WAR is a Flat
1 / 4
7 BR, 4 BA
Rugby, Warks

Have you been searching for an opportunity to add nearly 28,000 a year in rental income to your portfolio? If you have, then this might just be the investment for you! Welcome to Campbell Street!Originally being a builders yard, the current owners converted the property into four separate flats. They are all currently let, and have been consistently tenanted since they were converted around ten years ago.The current rental income totals at just under 28,000 per year, but there is scope to increase that upon renewals of tenancies.The properties are broken down as follows:Flat 1 - A large, ground floor, one bedroom apartment. Currently let for 460pcm. The current tenant has been here for several years. The has potential to be let for between 550pcm and 595pcm if a new tenant were to move in, but if the current tenant stayed, gradual increases could be implemented annually.Flat 2 - A well proportioned, ground floor, two bedroom apartment. Currently let for 625pcm, and was redecorated before the current tenant moved in over a year ago.Flat 3 - A first floor two bedroom apartment. This property has some beams and charming features, making it look and feel bigger. This flat is currently let for 600pcm.Flat 4 - Another first floor two bedroom apartment with charming features. This flat was also redecorated prior to the current tenants moving in. This is currently let for 635pcm.All of the two bedroom units could achieve more now, with a realistic minimum rental of 650pcm for any of them, and almost certainly closer to 695pcm. So based on all of the lower rental estimates, an annual rental of 30,000 is more than achievable with some rental increases.The property also comes with one parking space for each apartment, a communal outside area, and most importantly, comes with the Freehold and all of the individual leases.For more information, call Newman Property Experts! Draft Note ***** DRAFT SALES PARTICULARS ***** The details below have been submitted to the vendor/s of this property but as yet have not been approved by them. Therefore we cannot guarantee their accuracy and they are distributed on this basis.Flat 1 Living Room 6.20m x 4.37m (20'4' x 14'4')Kitchen 3.15m x 2.51m (10'4' x 8'3')Bedroom 5.77m x 3.20m (18'11' x 10'6')Bathroom 3.15m x 1.85m (10'4' x 6'1')Flat 2 Hall Living Room 5.74m x 2.74m (18'10' x 9')Kitchen 3.96m x 2.13m (13' x 7')Bedroom 1 3.91m x 3.05m (12'10' x 10')Bedroom 2 3.05m x 2.74m (10' x 9')Bathroom 2.74m x 1.52m (9' x 5')Flat 3 Living Room 4.47m x 3.58m (14'8' x 11'9')Kitchen 2.74m x 2.26m (9' x 7'5')Bedroom 1 4.47m x 2.59m (14'8' x 8'6')Bedroom 2 3.48m x 3.02m (11'5' x 9'11')Bathroom 1.98m x 1.80m (6'6' x 5'11')Flat 4 Living Room 5.74m x 3.81m (18'10' x 12'6')Kitchen 2.72m x 2.26m (8'11' x 7'5')Bedroom 1 3.96m x 3.02m (13' x 9'11')Bedroom 2 2.92m x 2.54m (9'7' x 8'4')Bathroom 2.31m x 1.88m (7'7' x 6'2') Flat 2 Rating C409 Sq Ft72/73Flat 3Rating C581 Sq Ft72/76Flat 4Rating D645 Sq Ft63/71Flat 1 to be confirmed
Property Type:
Condos, Townhouses & Apts for Sale
September 30 2021 on Facebook
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More About this Listing: 7 bed Block of Flats
7 bed Block of Flats is a Seven Bedroom 4.5 Bath Flats for Sale in Rugby WAR. Find other listings like 7 bed Block of Flats by searching Oodle Classifieds for Seven Bedroom 4.5 Bath Flats for Sale in Rugby WAR.