Offers Around £295,000

Barnsley Road, South Elmsall

  • Tenanted investment opportunity
  • Freehold block of 6 self contained flats
  • Currently achieving in the region of £32K per annum
  • Mix of 1 and 2 bed flats
  • Each with independent gas central heating system
  • All with UPVC double glazing
  • Well presented and maintained throughout

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Property Floorplan

Property Location

Typical monthly mortgage repayment with Mortgage Advice Bureau: £1151

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Property Details

PROPERTY DETAILS
Offers are invited for this freehold block of 6 self contained and fully tenanted flats providing a ready made investment opportunity which currently achieves in the region of £32,000 rental income per annum. The gas centrally heated and UPVC double glazed flats. together with communal areas are well presented and maintained to a reasonable standard throughout. Note that the photos used within the brochure give a sample representation of the fixtures, fittings and standard of decoration throughout the building. Also please note that any furniture shown in the photos are tenants' property and are therefore not included within the sale. For further details and to arrange a viewing contact FSL Estate Agents on 01924 200101.

LOCATION
The property occupies a prominent main road position close to the centre of South Elmsall with an excellent range of amenities and facilities on the doorstep. It is also within walking distance of Moorthorpe railway station and has frequent public transport services to the surrounding area. This is therefore a location that will remain in strong demand for potential tenants.

ACCOMMODATION
The flats comprise a mix of one and two bed properties, each one having at least a separate living room, kitchen and bathroom. There are 2 communal entrances from the front of the property, each giving access to 3 flats. Externally there is a communal courtyard to the rear which each of the two main ground floor flats have direct access to. All other occupants have access to the rear yard from around the side of the building. Please refer to the floor plans for an indicative layout and approximate room sizes.

RENTAL INCOME
We are advised that all of the flats are tenanted with Assured Shorthold Tenancy agreements in place. Copies of all tenancy agreements are available upon request to interested parties. Five of the flats are rented out at £105 per week (£5460 per annum) on an unfurnished basis. One of the flats is rented out at £90 per week (£4680 per annum) on an unfurnished basis. All tenants are responsible for their own utility costs and council tax. The landlord remains responsible for maintenance and upkeep of the communal areas.

UTILITIES
We are advised that all of the 6 flats have separate metered electric and gas supplies and are served by mains water and drainage. All of the flats have current landlords gas certificates.

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