MapOffers in excess of
£500,0003 bedroom block of apartments for sale
Virtual Freehold Block of Flats
Block of apartments
3 beds
3 baths
215 sq ft / 20 sq m
Key information
Tenure: Leasehold | 996 yrs left
Council tax: Band B
Broadband: Super-fast 80Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- Tenure: Leasehold (996 years remaining)
- Ideal Buy to Let Investment
- Block of Three Apartments
- Close to Train Station
- All refurbished to a very high standard
- Currently achieving £34,680 per annum
- 6.30% Yield on Asking Price
- Virtual Freehold
Virtual Freehold | Prime Buy-to-Let Investment Opportunity | Welwyn Garden City
An exceptional investment opportunity offering a partial block of three self-contained apartments, all converted and refurbished to an impeccable standard in 2020. Situated in a prime location close to Welwyn Garden City Town Centre, the business park, and the train station, this property is perfectly positioned to attract professional tenants.
Investment Highlights:
High-Quality Refurbishment: Fully modernized to a high standard in 2020.
Strong Rental Income: All three apartments are let to professional tenants on Assured Shorthold Tenancies (ASTs), generating a combined annual rental income of £34,680 offering an attractive approximate return of 6.30%.
Virtual Freehold: Includes a 996-year lease with peppercorn ground rent and no annual maintenance charges, maximizing investment value.
Prime Location:
Just a short walk to Welwyn Garden City Train Station, providing convenient links to London and beyond.
Close to the vibrant Town Centre, with its array of shops, restaurants, and amenities.
Easy access to the local business park, ensuring a consistent demand for professional lets.
This is a rare opportunity to acquire a fully let, low-maintenance property with a strong yield and excellent long-term potential. Contact us today for more information or to arrange a viewing.
Communal Entrance Hall
Via a video entry-phone system
Apartment One
Kitchen / Living Room: Double glazed window to front. Understairs storage cupboard. Door to:
Bedroom: Double glazed window to front. Door to:
En-Suite Shower Room.
Rent: £1,025.00 PCM
AST Expires: 20/09/2024
Apartment Two
Hall: Doors to:
Kitchen / Living Room: Double glazed window to front. Storage cupboard.
Bedroom: Double glazed window to front.
En-Suite Shower Room.
Rent: 9850.00 PCM
AST Expires: 17/01/2025
Apartment Three
Hall: Storage cupboard. Doors to:
Kitchen / Living Room: Double glazed window to front.
Bedroom: Double glazed window to front.
En-Suite Shower Room.
Rent: £915.00 PCM
AST Expires: 30/01/2025
Fixtures & Fittings
All flats have:
Fitted wardrobes and draws in bedrooms.
Kitchens are fitted and have integrated dishwasher, induction hobs, built in microwave, built in oven/grill and fridge/freezers.
Shower Rooms with corner shower cubicles, wash hand basins, low level W.C and extractor fan.
All flats gas have full wet underfloor heating, from gas fired combi boilers.
All windows are double glazed.
Oak floors, skirtings, architraves and doors throughout.
Full LED lighting.
Video Entry-phone System
All flats will be left with doubles beds, sofas, wall mounted dining tables and windows blinds.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
An exceptional investment opportunity offering a partial block of three self-contained apartments, all converted and refurbished to an impeccable standard in 2020. Situated in a prime location close to Welwyn Garden City Town Centre, the business park, and the train station, this property is perfectly positioned to attract professional tenants.
Investment Highlights:
High-Quality Refurbishment: Fully modernized to a high standard in 2020.
Strong Rental Income: All three apartments are let to professional tenants on Assured Shorthold Tenancies (ASTs), generating a combined annual rental income of £34,680 offering an attractive approximate return of 6.30%.
Virtual Freehold: Includes a 996-year lease with peppercorn ground rent and no annual maintenance charges, maximizing investment value.
Prime Location:
Just a short walk to Welwyn Garden City Train Station, providing convenient links to London and beyond.
Close to the vibrant Town Centre, with its array of shops, restaurants, and amenities.
Easy access to the local business park, ensuring a consistent demand for professional lets.
This is a rare opportunity to acquire a fully let, low-maintenance property with a strong yield and excellent long-term potential. Contact us today for more information or to arrange a viewing.
Communal Entrance Hall
Via a video entry-phone system
Apartment One
Kitchen / Living Room: Double glazed window to front. Understairs storage cupboard. Door to:
Bedroom: Double glazed window to front. Door to:
En-Suite Shower Room.
Rent: £1,025.00 PCM
AST Expires: 20/09/2024
Apartment Two
Hall: Doors to:
Kitchen / Living Room: Double glazed window to front. Storage cupboard.
Bedroom: Double glazed window to front.
En-Suite Shower Room.
Rent: 9850.00 PCM
AST Expires: 17/01/2025
Apartment Three
Hall: Storage cupboard. Doors to:
Kitchen / Living Room: Double glazed window to front.
Bedroom: Double glazed window to front.
En-Suite Shower Room.
Rent: £915.00 PCM
AST Expires: 30/01/2025
Fixtures & Fittings
All flats have:
Fitted wardrobes and draws in bedrooms.
Kitchens are fitted and have integrated dishwasher, induction hobs, built in microwave, built in oven/grill and fridge/freezers.
Shower Rooms with corner shower cubicles, wash hand basins, low level W.C and extractor fan.
All flats gas have full wet underfloor heating, from gas fired combi boilers.
All windows are double glazed.
Oak floors, skirtings, architraves and doors throughout.
Full LED lighting.
Video Entry-phone System
All flats will be left with doubles beds, sofas, wall mounted dining tables and windows blinds.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Property information from this agent
About this agent
Started in 1991 by Paul and Elsa Raine the company has always strived to be at the forefront of the estate agency market with an emphasis on high levels of service, communication, honesty, friendliness and a reputation to be proud of. By making sure that they employ some of the best people with the same values and high levels of work ethics, Raine and co has ensured success in every field. In the property market location is the key and Raine and Co covers most of Hertfordshire from our modern, prominent offices located strategically to support each other in busy positions in Potters Bar and Hatfield. Over the years Raine and Co has successfully expanded into Residential Lettings, Property Management, Block Management, Land Sales, Development, New Homes, Property Investment, Financial Services, Commercial Sales, Commercial Lettings and International properties with their very own Raine International office located in Nueva Andalucia, Spain while always making sure that the same core values and high service levels are met and exceeded. The Directors of Raine and Co strongly believe that the profession should be regulated and as a result are members of The National Association of Estate Agents, The Association of Residential Letting Agents, The National Approved Letting Scheme and The Ombudsmen for Estate Agents. Raine and Co is a member of The Property Ombudsman Scheme and Client Money Protection Scheme.
Similar properties
Discover similar properties nearby in a single step.
