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COVID-19 caused the residential market to pause following a spring bounce. As we exit lockdown we are seeing the strong pre-COVID market return. We are here to help so please call us if you are thinking about buying or selling or require expert property advice.
Stay safe, keep well and stay in touch.
COVID-19 caused the residential market to pause following a spring bounce. As we exit lockdown we are seeing the strong pre-COVID market return. We are here to help so please call us if you are thinking about buying or selling or require expert property advice.
Stay safe, keep well and stay in touch.
** INVESTMENT OPPORTUNITY** A fantastic investment opportunity to acquire four, purpose built flats immediately off Shaftesbury High Street.
This property portfolio was created by our Vendor and has enjoyed a continuous occupancy since the construction of the four apartments in 2011. The development is ideally placed within the town centre and enjoys a convenient location with secured entrance. The uniqueness of this development offers 2 blocks of 2 flats, all of which enjoy their own front door and benefit from some outside space. The new owner should realise a favourable return and benefit from owning the Freehold. The reason our client is considering a disposal of the property is in connection with retirement planning.
Each flat benefits from a double bedroom with en-suite shower room, open plan kitchen/living/dining, and some outside space.
Rental Incomes
Combine rents for the four properties are currently £24,300 pa, therefore realising a 4.67% return. Individual rents and details are available on request. The current shortest tenancy is 2 years while two tenants have been in residence for at least 5 years.
SITUATION
Shaftesbury offers a vibrant High Street with variety of independent and popular shops and boutiques as well as tea room and coffee shops. The nearby town of Gillingham benefits from a Waitrose, Asda and Iceland and a mainline railway station that serves London Waterloo and the West Country. The area has a selection of highly regarded state and private primary and secondary schools and superb road links with the A350 running north and south and the A30 and A303 east to west.
COUNCIL TAX
Each apartment is rated Dorset Council Tax Band A
EPC: C
SERVICES
Each apartment benefits from mains water, drainage and electricity.
