Investment Property For Sale In Driffield
Have you been looking to create or add to your property portfolio in East Yorkshire?
This large one bedroom maisonette flat offers a downstairs living room and bedroom, with stairs leading to the upper floor containing a large bathroom. Across the landing is a very good-sized kitchen, leading to an ample storage space that the new owners could utilize in many ways.
The main building has undergone a substantial renovation and upgrade program over the last six months, with work carried out to external and internal areas.
The property is on the second floor above commercial buildings, with easy access through a secure side door situated down a well-lit passageway. An intercom system enables safe entry for guests into the communal areas, and a third party CCTV camera system monitors the outside of the building.
Service Connection Information:
The property services are: gas, electric, water, aerial socket, and telephone socket.
Car Parking:
There is no parking to the rear yard because it is on private land (Dee and Atkinson); however, on-street parking is close by and within easy walking distance.
Property Portfolio:
The property is in a block of five flats situated above a public house and an Estate Agent.
The property owner is retiring and has a further two properties within the building that will become available over the next six months once notice has been served to the existing tenants.
The other two property landlords have shown an interest in selling, enabling the buyer to own all five properties and manage them accordingly should they wish to increase their property business portfolio further?
With a potential rental income of £4800 per annum
Rental Yield of 6 - 6.8%
Tenure
The property is on a Leasehold of 105 years remaining, with a possibility to extend further. Property management fees are approximately £50 per month and a ground rent of £25 per annum.
Travel Details
The property is situated .3 miles to the nearest train station, with direct links to both Scarborough, Beverley, Cottingham and Hull. Bus services are within easy walking distance of the property.
Disclaimer
The Owner of the property has not tested any instruments, equipment, fixtures, accessories or services, and therefore cannot verify whether they are in working condition; also, the legal documents to verify the legal status of the property or the validity of any guarantees. Buyers must assume that the information is incorrect until verified by their Solicitor. All measurements provided are for general guidance only; buyers are advised to recheck the measurements themselves before incurring any costs. The photos of the property cannot imply any information about the type of building or the structure's condition. Anyone who is interested is advised to conduct a final inspection of the property before exchanging contracts.
