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Purpose Built Block for Investment Nottinghamshire DN22
Auction Date
29 January 2025
Guide Price
£350,000
Property Summary
Guide Price £350,000+. A purpose built block of 14 flats ( 6 three bed and 8 one bed) located over 3 floors, occupying a level cul- de- sac plot of 0.41 acre. The property dates from the 1970s and includes 6 ground floor, 6 first floor and 2 second floor apartments, requiring varying degrees of upgrading. 11 of the 14 flats are let by way of 6m Assured Shortholds with individual rents varying between £300 and £480 pcm, giving a current annual income of £55,740pa. Potential is offered to carry out refurbishment work with a view to achieving an income in excess of £70,000pa.
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