READY MADE RENTAL INVESTMENT IN TOWN CENTRE LOCATION. Made up of a ground floor studio and two further one bedroom apartments this is an opportunity to acquire investment flats, all with tenants in situ. The property is currently obtaining a total monthly income of £920.00 offering a gross annual yield of 10.5%. Retaining many original features including exposed beams and attractive windows the property is situated conveniently close to the centre of Market Drayton Town.
Property Full Details
PROPERTY READY MADE RENTAL INVESTMENT IN TOWN CENTRE LOCATION. Made up of a ground floor studio and two further one bedroom apartments this is an opportunity to acquire investment flats, all with tenants in situ. The property is currently obtaining a total monthly income of £920.00 offering a gross annual yield of 10.5%. Retaining many original features including exposed beams and attractive windows the property is situated conveniently close to the centre of Market Drayton Town.
LOCATION Market Drayton is a small market town situated in North Shropshire, close to the Welsh border. It is on the River Tern, between Shrewsbury and Stoke on Trent and was formally known as Drayton in Hales and is listed in the Doomsday Book. In 1245 King Henry III granted a charter for the weekly Wednesday market, giving the town its current title. The market is still held every Wednesday. The Shropshire Union Canal runs through the town and Market Drayton offers a wide variety of amenities such as schools, specialist and high street shops, supermarkets and health and leisure facilities. The larger towns of Shrewsbury, Telford and Newcastle-under-Lyme are all within commutable distance.
CURRENTTENANCYDETAILS 6 Month, Assured Shorthold Tenancy, commenced on 11th December 2014 at £300 PCM
LOUNGE/BEDROOM/DINER20' 01" x 11' 03" (6.12m x 3.43m) Entrance from Stafford Street frontage into open plan living area. With bay window to the front. Under stairs storage cupboard. Electric storage heater.
KITCHEN9' 03" x 6' 08" (2.82m x 2.03m) Galley Kitchen with fitted base and wall units and plumbing for a washing machine. Access to bathroom.
BATHROOM6' 09" x 5' 09" (2.06m x 1.75m) White panel bath, WC and wash hand basin.
ENTRANCEFROMCROSSSTREET Shared entrance stairway to Flats B & C
CURRENTTENANCYDETAILS 6 Month, Assured Shorthold Tenancy, commenced on 3rd March 2015 at £320 PCM
INTERNALHALLWAY With door to kitchen/diner and lounge, steps up to the bathroom and bedroom.
KITCHEN/DININGAREA9' 03" x 7' 05" (2.82m x 2.26m) Kitchen/diner with lounge area off. Fitted base and wall units with plumbing for a washing machine.
LOUNGEAREA10' 04" x 10' 03" (3.15m x 3.12m) Electric heater.
BEDROOM11' 05" x 7' 06" (3.48m x 2.29m) With bay window to the front. Electric heater.
BATHROOM8' 01" x 4' 10" (2.46m x 1.47m) Modern white suite with bath, WC and wash hand basin
CURRENTTENANCYAGREEMENT 6 Month, Assured Shorthold Tenancy, commenced on 18th April 2015 at £300 PCM
INTERNALHALLWAY With stairs and low exposed beams.
KITCHEN/DINER11' 02" x 9' 03" (3.4m x 2.82m) Fitted base and wall units and plumbing. Low entrance door to lounge.
LOUNGE10' 10" x 9' 09" (3.3m x 2.97m) Electric heater and window to rear.
BATHROOM7' 05" x 5' 07" (2.26m x 1.7m) Modern fitted white suite with bath fitted under the exposed beam, WC and handwash basin.
BEDROOM11' 01" x 7' 01" (2.46m x 2.16m) Situated under eaves with window to the front and electric heater.
ENERGYPERFORMANCECERTIFICATE The full energy performance certificate (EPC)'s are available for this property upon request.
SERVICES We are advised that mains electric, water and drainage are available. Barbers have not tested any apparatus, equipment, fittings etc or services to this property, so cannot confirm that they are in working order or fit for purpose. A buyer is recommended to obtain confirmation from their Surveyor or Solicitor.
HOWTOFINDTHEPROPERTY Travelling toward Market Drayton Town Centre along Stafford Street go across the mini island and past Asda Supermarket on the left. 26 Stafford Street is found on the left hand side just beyond the old Stafford Court Hotel and can be identified by our for sale board.
TENURE We are advised that the property is Freehold and this will be confirmed by the Vendors Solicitor during the Pre- Contract Enquiries. Vacant possession upon completion.
VIEWING By arrangement with the Agents Office at Tower House, Maer Lane, Market Drayton, TF9 3SH: Tel: 01630 653641 firstname.lastname@example.org
DISCLAIMER For clarification we wish to inform prospective purchasers that we have prepared these sales details as a general guide. We have not carried out a detailed survey nor test the services, appliances, and specific fittings. Room sizes should not be relied upon for carpets and furnishings. The measurements given are approximate.