Block of Flats, Shamann, Langport Road, Weston-Super-Mare, BS23 1YR
SOLD, £305,000


THE PROPERTY

A large corner property currently arranged as six self contained flats - 2784 Sq Ft - with parking and gardens.

5 x 1 Beds
1 x 2 Bed

LOCATION

Langport Road is located just off Clevedon Road within the popular seaside town of Weston Super Mare. Local amenities and services are all within close proximity including the famous Grand Pier. Bristol City Centre is approximately twenty five miles away.

THE OPPORTUNITY

High yielding investment producing an income of £32,640 pa
The flats have been let for many years and whilst are fit for purpose the accommodation could be updated and the rents increased accordingly.

CURRENT INCOME - ALL LET ON AST AGREEMENT

Flat 1 - £420 pcm
Flat 2 - £475 pcm
Flat 3 - £525 pcm
Flat 4 - £425 pcm
Flat 5 - £425 pcm
Flat 6 - £450 pcm

£2,720 pcm / £32,640 pa

( Includes gas bill for combi boilers )

Please refer to online legal pack for copies of AST.

TENANT INFORMATION

The tenants have been in situ for the following:

Flat 1 – 5/6 approx years
Flat 2- 3 months
Flat 3 – 18 months
Flat 4 – 2 months
Flat 5 – 18 months
Flat 6 – 4 years

EXTRA INFORMATION

• Electric panel heaters throughout (electric bills paid by the tenants)
• Central control panel for the boilers is in the communal area.
• Combi boilers – for hot water only.
• Flat 4 has a parking space
• Flat 5 has an outdoor patio space

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