For Sale - Royal Oak Court, Market Drayton, Shropshire, TF9 3AX

£950,000

Property Summary

Property Description

12, two bedroom apartments in a prestige and impressive development in a central location in Market Drayton Gross rental income £61,824 (as at 14th May 2016) Modern development with on site parking

Property Full Details

LOCATION
The flats are located in the town centre of Market Drayton above a terrace of national retailers. Market Drayton is a North Shropshire market town with a population of approximately 12,000. Located 32 km (20 miles) north east of Shrewsbury and 23 km (14 miles) south west of Newcastle-under-Lyme and 35 km (22 miles) north of Telford. The town benefits from excellent road communications being located on the A53 which connects Newcastle-under-Lyme with Shrewsbury. The M6 motorway is approximately 19 km (12 miles) to the east and provides access to the national motorway network.

DESCRIPTION

The property comprises a three storey development with retail shops to the ground floor and 14 flats to the first and second floors. We are offering the long leasehold to 12 flats forming part of a development of 14 flats, two of which have been sold off on long leases.

Eight of the fourteen flats are accessed via an entrance fronting Frogmore Road with the remaining 6 flats accessible via an entrance adjacent to the Market Drayton Library.

Each of the flats have two bedrooms and provide modern living accommodation. There is some limited car parking to the rear of the site however two of these spaces are allocated to the flats that have been sold off on long leaseholds.