Detached House
An interesting and rarely available investment opportunity comprising 11 fully furnished en-suite bedrooms and 1 studio bedroom/warden room.
Summary
The property is fully let to a housing association on a 15 year contract which includes a guaranteed rental income with no void periods, no letting/management fees and an inclusive refurbishment programme every 5 years.
Location
The property is situated in Alfreton town centre, just off the High Street which offers a wealth of amenities. Alfreton has excellent road networks which provide access to the A38 and M1, Nottingham, Derby and Sheffield.
Size
The 18th century converted coach house has a gross internal floor area of approximately 480m2 and provides the following living accommodation over two floors:
11 self-contained en-suite bedrooms
1 warden studio room
Communal kitchen
Dining room
TV room
Rear courtyard
Viewing details
By appointment with the auctioneers - 0116 254 9654
High yielding investment property
Fully let to a housing association on a 15 year contract
12 lettable rooms with rent increase each year
Current rent approx. £35,000 p.a. increasing to approx. £55,000 p.a. in 2029
