- **INVESTMENT PROPERTY FOR SALE**
- *TWO RESIDENTIAL APARTMENTS
- *AVAILABLE TO BTL INVESTORS ONLY
- *TENANTS IN SITU
- *IDEAL BUY TO LET INVESTMENT
- *POTENTIAL YIELD OF 5.7% PA
- *GCH & uPVC DG
**INVESTMENT PROPERTY FOR SALE**
ATTENTION INVESTORS. Ideal FREEHOLD BUY TO LET INVESTMENT of a traditional three bedroom mid-terrace property converted into two one bedroom residential apartments situated on Thorpe Road. Potential of 5.7% annual yield with a potential gross income of £8,730 per annum.
A rare and unique opportunity to acquire this freehold mid terrace period property converted into two residential apartments located on Thorpe Road in Melton Mowbray. The property is sold as a freehold investment and both have their own dedicated electric and gas supplies, both of which are registered as separate dwellings. The property is to be sold to buy to let investors only and one property has a tenant in situ on an assured shorthold tenancies, the other property is currently on the market to Let.
APARTMENT 1, 195 THORPE ROAD (To Let) Summary : Currently let at Â£365 PCM in rent with an annual rent of Â£4,380.
A spacious one bedroom first floor flat. The accommodation briefly comprises a large lounge, kitchen, rear double bedroom, and bathroom with white suite. The property has gas-fired central heating and uPVC double glazing. Outside there is on-street parking available nearby.
ENTRANCE HALL : with tiled flooring.
STAIRCASE TO FIRST FLOOR LANDING : with built-in cupboard, leading to:-
LOUNGE : (15'5" x 12'2") with a radiator.
REAR DOUBLE BEDROOM : (12'5" x 9'11") with built-in wardrobe and a radiator.
BATHROOM : with white suite comprising bath with electric shower over, pedestal wash basin and w.c., airing cupboard with shelving, and a radiator.
BREAKFAST KITCHEN : with a range of wall and base units, stainless steel sink and drainer unit as set in laminate worksurfaces, electric hob, space for washing machine, space for fridge freezer, tiled splashbacks, wall mounted gas-fired combi boiler, and a radiator.
OUTSIDE : On street parking available nearby. Patio garden to front.
EPC : Rating D.
APARTMENT 2, 195 THORPE ROAD (LET). Summary : Currently achieving Â£325 PCM in rent with an annual rent of Â£3,900 PCM. A spacious one bedroom ground floor flat conveniently located for Tesco and other local amenities. The property, which benefits from gas central heating, briefly comprises lounge, double bedroom with bay window to front, fitted dining kitchen and a bathroom. Outside there is a lawned garden to the rear and onstreet parking is available nearby. Access is shared with the adjoining property.
ENTRANCE HALL : with airing cupboard.
DINING KITCHEN : with stainless steel sink unit, laminate work surfaces, fitted wall and base units, pantry, tiled splash backs, space for a cooker, plumbing for a washing machine, laminate flooring and a radiator.
FRONT DOUBLE BEDROOM : with a bay window to front and a radiator.
LOUNGE : with fitted gas fire, laminate flooring and a radiator.
BATHROOM : with white suite comprising panelled bath, pedestal wash basin and low flush w.c., tiled splash backs and a radiator.
OUTSIDE : Lawned garden to rear. On-street parking is available nearby. *Please note that this flat is accessed through the garden of the adjacent property.
EPC : Rating D.
VIEWING: Strictly by appointment with Shouler & Son, Wilton Lodge, 1 Wilton Road, Melton Mowbray, Leicestershire, LE13 0UJ. Tel:- 01664 410166
TENURE: Freehold, Subject to two assured shorthold tenancies. Tenant currently in occupation in Apartment 2 on an assured tenancy agreement with Apartment 1 currently on the market.
SERVICES: Mains electricity, gas, water and drainage.
COUNCIL TAX: Melton Borough Council. 01664 502502.
NOTE : Shoulers have managed this property for the current owner for many years. We would be more than happy to continue our managed service for the new owner. DIRECTIONS: To locate the property, take the A607 Thorpe Road out of Melton town centre. The flat is situated on your left-hand side just after the car wash.
"Thanks for your update and for arranging return of our deposit, it is much appreciated. We’d like to thank Shoulers for all of your support and assistance during our rental. You were by far the easiest agent we had ever dealt with, and any issues we had were always swiftly dealt with by Carol and the maintenance team. Mr B – departing residential tenant, December 2019 "