Railway Mews, Hereford, Hereford

£500,000

Guide price

  • Bedrooms: 6
**SUPERB INVESTMENT OPPORTUNITY** A centrally located freehold block of 3 properties all currently tenanted with excellent ROI figures available for sale for the first time since they were built in 2013. Consisting of a 2 bed ground floor flat and 2 x 2 bedroom maisonettes all with parking with gross annual income of over £23,000 pa.

Introduction

Built in 2013 this small development of modern properties located behind Sainsburys and in easy walking distance of the city centre. Tucked away in a great spot which is why they have never been sold previously, having been rented out in its entirety since construction. This opportunity is for you to own a freehold block of three x 2 bedroom dwellings which have had an excellent occupation record with very low void period and offer an excellent return on your investment. All benefitting from gas heating, modern kitchen and bathrooms and 3 parking spaces. THIS IS A GENUINE INVESTMENT OPPORTUNITY NOT TO BE MISSED

Property description

3b Railway Mews is a ground floor flat with its own private entrance. The kitchen is fitted with a matching range of wall and base units with integrated fridge freezer, dishwasher and cooker with gas hob over. The living room has wooden flooring and a electric fire. There are two double bedrooms. The main bathroom has a fitted white suite comprising low flush WC, wash hand basin and panelled bath with electric shower over. The en-suite shower room is fitted with a white suite comprising; low flush WC, wash hand basin and shower cubicle. Benefits also include uPVC double glazing & gas radiator heating from a combination boiler.

3a & 3 c Railway Mews again have their own private entrances and are located on the first and second floor building. The kitchens are fitted with a matching range of wall and base units with integrated fridge freezer, dishwasher and oven with gas hob over. The living rooms have wooden flooring and a electric fire. There are two bedrooms. The shower room has a fitted white suite comprising; low flush WC, wash hand basin and shower cubicle. Also benefitting from gas heating and uPVC double glazing.

Outside

There is a small open plan planted frontage and a bin store area to the rear.

Parking

There are three allocated spaces located with in the cul-de-sac.

Location

Located close to the city centre and within walking distance of an excellent range of local amenities including Courtyard Theatre, Sainsburys superstore, primary school, high town shopping centre, a range of restaurants, cinema, public houses, railway station and the 'Old Market Shopping Development'.

Return on investment

Flat 3a - currently rented on a new 6 month fixed AST from 2nd August 2019 at a rent of £675 pcm.

Flat 3b - currently rented on a periodic tenancy at a rent of £625 pcm.

Flat 3c - currently rented on a periodic tenancy at a rent of £675 pcm

Since October 2103 when these properties were first occupied there has only been a total of 77 void days between tenancies.

Total gross annual income is £23,100 with only an average of 13 days void per annum.

This is an annual return of circa 4.5%

CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008 (CPR) We endeavour to ensure that the details contained in our brochure are correct through making detailed enquiries of the owner but they are not guaranteed. The agents have not tested any appliance, equipment, fixture, fitting or service and have not seen the title deeds to confirm tenure. All measurements are quoted to the nearest 1/10 metre. All liability in negligence of otherwise for any loss arising from the use of these particulars is hereby excluded.

MONEY LAUNDERING REGULATIONS Require prospective purchasers to produce two original ID documents prior to any offer being accepted by the owners.

* Rightmove Intel - HR1, HR2, HR3, HR4, HR5,HR6, SY7, SY8 LD7, LD8

Arrange viewing 01432 507160

Cobb Amos

14 King Street, Hereford, Herefordshire

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