8 Bedroom Property for sale in Midlands, England for GBP £220,000

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01773 824004

Jones & Associates (Lettings)

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Features

Residential Investment For Sale
Certified House in multiple occupation
8 Private Tenants (not students)
High Yield Investment - Viewing Recommended

LOCATION

Slack Lane is located just of Uttoxeter Old Road and is in an older, pleasant residential area but with more modern housing adjacent. The property is convenient for the City Centre and a large range of local amenities, as well as public transport routes.

DESCRIPTION

This is a two storey, brick corner located building split up into 8 bedrooms, common room, kitchen, bathrooms and with some storage.

We consider it possible to provide two further letting rooms on the second floor (subject to Council’s agreement and extension of Licence).

TENURE

The rooms are let out on an individual Assured Shorthold Tenancies at £65 per week each, producing a gross rent of £27,040 per annum. The tenants pay their own utility bills, but the Landlord is responsible for Council Tax, water rates, insurance and maintenance. We understand that accounts show a net income of approximately £23,500 per annum exclusive.

PRICE

The freehold of the property is for sale at £220,000.

VIEWING

Strictly by appointment through the joint agents:-

Stephen Jones
Stephen Jones & Associates – 01773 824004
38 Market Place, Belper, Derbyshire DE56 1FZ.
Fax: 0560 342 5624. E-mail: stephen_jones01@btconnect.com.

Jakob Slack
UK Property Consultancy 01332 546077
35 Brunel Parkway, Pride Park, Derby DE24 8HR
Fax: 08450 530850 E-mail: jake@ukpcl.com

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Disclaimer: Property Reference: RS2683881 This listing is a property advertisement. PropertyIndex.com does not control the content of the advertisement and makes no warranty as to the accuracy or completeness of the advertisement, or any associated or linked information. This property advertisement does not constitute property particulars. The information is maintained by Jones & Associates (Lettings). Please contact the owner, selling agent or developer directly to obtain any information.

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