Lot 167: FREEHOLD INVESTMENT COMPRISING FOUR FLATS

Available At £300,000 + Fees
5 St Alban Street, Weymouth, Dorset. DT4 8BZ

Currently fully let at £17,520 per annum

Potential fully let at £25,200 per annum

Viewing by arrangement with Clive Emson Auctioneers

01489 564606

Mike Marchant/Rob Marchant

Located in central Weymouth, this imposing building is offered freehold, with the ground floor shop having been sold under the terms of a long lease. The remaining upper three floors contain four flats of differing proportions, with two two-bedroom units and two smaller studio flats.

Three of the four flats are currently let and the building is considered ideal for addition to a lettings portfolio for its ongoing income production.

Flat 1

Studio room and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £380 per calendar month.

Flat 2

Living room/kitchen, two bedrooms and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £620 per calendar month.

Flat 3

Living room/kitchen, two bedrooms and shower room with W.C.

Tenancy

Currently vacant.

Flat 4

Studio room and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £460 per calendar month.

Ground Floor Shop

Tenure

Sold under the terms of a 999 year lease, from 29th September 2019, at a peppercorn ground rent.

Residential EPC: E
Commercial EPC: C

Map

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