Lot 147 Freehold Block Of Nine Flats For InvestmentAuction Date:
6th February 2025

This splendid Victorian building was originally constructed as a vicarage for the adjacent church which is now long demolished and replaced with residential accommodation. All of the flats offer one-bedroom accommodation and all nine are at present let, many to longstanding tenants under the terms of Assured Shorthold Tenancy Agreements.

The current owners have held the building for 45 years, during which time they have done their level best to maintain standards and undertake improvements as required, which is reflected in the relatively high C Rating on the EPCs for the majority of apartments. The building is considered ideal for addition to an income producing letting portfolio.

Accommodation

Set over two floors, there are nine one-bedroom apartments, eight of which have shower rooms with W.C.s, while Flat 3 has a bathroom with W.C.

Outside

There is parking on the front forecourt for several vehicles and a courtyard-style rear garden provides communal space and a clothes drying area.

EPC Ratings

Flats 2, 5, 6, 7 & 8 are Rating C.
Flats 1 & 4 are Rating D.
Flat 3 is Rating E.

Tenancies

Flat 1

Let under the terms of a 12 month Assured Shorthold Tenancy from 1st August 2011 at a current rental of £105 per week.

Flat 2

Let under the terms of a 12 month Assured Shorthold Tenancy from 26th August 2024 at a current rental of £86 per week.

Flat 3

Let under the terms of a 12 month Assured Shorthold Tenancy from 19th August 2022 at a current rental of £115.56 per week.

Flat 4

Let under the terms of a 12 month Assured Shorthold Tenancy from 14th June 2021 at a current rental of £100 per week.

Flat 5

Let under the terms of a 12 month Assured Shorthold Tenancy from 15th May 2017 at a current rental of £110 per week.

Flat 6

Let under the terms of a 12 month Assured Shorthold Tenancy from 1st July 2019 at a current rental of £90 per week.

Flat 7

Let under the terms of a 12 month Assured Shorthold Tenancy from 27th May 2023 at a current rental of £103.85 per week.

Flat 8

Let under the terms of a 12 month Assured Shorthold Tenancy from 17th February 2020 at a current rental of £92 per week.

Flat 9

Let under the terms of a 12 month Assured Shorthold Tenancy from 19th September 2024 at a current rental of £100 per week.

All Flats Council Tax Band A