No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Guide price£550,000
Added > 14 days

9 bedroom apartment for sale

Princes Street, Yeovil, Somerset, BA20
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Apartment
9 bed
6 bath

Key information

Tenure: Leasehold
Council tax: Band A
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
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Property description & features

  • Tenure: Leasehold
  • Investment opportunity
  • Six occupied rental flats
  • Town centre location
  • One and two berdoom flats
A superb investment opportunity in the centre of Yeovil, consisting of six occupied rental flats, currently providing annual income of £38,600 with potential for further uplift.


First and second floors, 30-32 Princes Street provide three two bedroom flats and three one bedroom flats. The two bedroom flats are let at £600 per calendar month, and the one bedroom flats are let at £500 pcm. The property currently generates rental income of £43,920 per annum.

The property has potential to provide annual rental income of approximately £44,000 per annum. Each flat is held on a long lease for a term expiring July 2146 (122 years unexpired) at a current ground rent of £50 each, a total annual ground rent of £300 subject to periodic uplifts.

The windows to the property have been recently replaced with new UPVC windows and internally the flats are well decorated and maintained throughout.

The flats are fully occupied and landlord’s running costs are low.

The property provides an attractive residential investment opportunity.

Flat 1 on the first floor, with kitchen/diner (11’1 x 7’8, 12’2 x 6’10), bedroom (9’1 x 10’9 plus bay) and bathroom (6’2 x 5’7).

Flat 2 on the first floor with kitchen (10’5 x 8’), living room (8’10 x 14’3 plus bay), bedroom one (10’9 x 10’), bedroom two (7’2 x 17’ max) and bathroom (5’11 x 6’8).

Flat 3 on the first floor with kitchen/diner (10’4 x 23’9), bedroom one (10’4 max x 10’10), bedroom two (6’3 max x 15’7) and bathroom (6’1 max x1 10’11 max).

Flat 4 on the second floor with kitchen/diner (11’10 x 23’9), bedroom (8’6 x 13’4) and bathroom (5’4 x 6’5).

Flat 5 on the second floor with kitchen/diner (9’4 max x 17’11 max), bedroom 1 (11’10 x 9’4), bedroom 2 (10’1 x 13’10) and bathroom (6’2 x 6’5).

Flat 6 on the second floor with kitchen/diner (15’ x 10’1), bedroom (8’1 x 17’3) and bathroom (5’7 max x 11’6).

Well maintained communal areas service the flats.

TENURE

The property is offered on a long leasehold basis with each flat’s lease having been extended in April 2023 to expire in July 2146 at a passing ground rent of £50 per annum, per flat.

SERVICES & OUTGOINGS

We understand that mains electricity, water and drainage are connected to the property. Heating is via electric wall mounted heaters.

EPC

Flat 1: Band D
Flat 2: Band D
Flat 3: Band D
Flat 4: Band C
Flat 5: Band C
Flat 6: Band D

The property is conveniently situated on Princes Street in the town centre of Yeovil. Yeovil itself is a thriving market town surrounded by beautiful countryside offering good shopping, business, cultural and leisure activities including a multi-screen cinema and adjacent ten pin bowling, public swimming pool, Nuffield Health Club, the Octagon theatre along with an excellent range of restaurants and bars. Yeovil Penn Mill train station being a short distance away and bus stops available within the area.

Property information from this agent

Places of interest

    Greenslade Taylor Hunt is one of the largest and longest established firms of Chartered Surveyors, Auctioneers, Property Specialists and Letting Agents in the South West, with over 170 years experience – and still independently owned to this day. GTH has a comprehensive regional network of offices and is supported by the Mayfair office in London which represents us in the capital. Our extensive expertise covers every aspect of property including: • Residential Sales and Lettings • Commercial Property Agency • Property Surveys and Valuation Services • Development Land, Building Plots, Planning and New Homes • Agricultural Offices, Specialist Farm and Livestock Sales, Equestrian Sales and Estate Management • Property Auction Sales • Fine Art, Regular and Specialist Sales, Valuation Services and Antique Auctions One of the leading property professionals in the South West.

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    Broadband availability and predicted speed

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