9 bedroom block of apartments for sale
Key information
Property description & features
Description
Presenting a rare investment opportunity, this unbroken freehold block of 5 apartments and 2 Commercial units is now available for sale. Situated in a popular Weymouth location, this property boasts tremendous potential for investors.
Comprising a mix of apartment types, the block includes one well presented 1 bedroom apartment and two 2 bedroom apartment on the first floor and a further two spacious 2 bedroom apartments on the third floor. The ground floor of the property is split in to two commercial units, the smaller of which i subject to a planning application for a residential conversion and the other is currently occupied by a well established national business.
All rental figures are available to view on request. 2023/2024 income was recorded at £66,276 giving the property an attractive potential yield of 7.6%.
The accommodation comprises:
On the Ground Floor ( 1,679 sq ft )
Fronting Dorchester Road a Retail unit comprising some 923 sq ft (86 sq m) including a WC. let to Sue Ryder on a FR&I lease at a rental of £12,000pa
Behind this fronting the side of the block is a smaller unit of 324 sq ft (30 sq m) with a WC across a passageway currently trading as a hairdresser producing £6,000pa from a Tenant holding over on an expired lease.
On the First Floor ( 1,883 sq ft )
Flat 1
Landing
Living Room
Small Kitchen
Shower Room/WC
Bedroom
Producing £6,660pa on a AST
Flat 2
Landing
Open Plan Lounge/Kitchen
2 Bedrooms
Shower Room/WC
Producing £9,432pa on a AST
Flat 5
Landing
2 Bedrooms
Shower Room
Separate WC
Open Plan Lounge/Diner/Kitchen
Producing £11,052pa on a AST
On the Second Floor ( 1,205 sq ft )
Flat 3
Landing
2 Bedrooms
Open Plan Lounge/Kitchen
Shower Room/WC
Producing £9,708pa on a AST
Flat 4
Landing
2 Bedrooms
Shower Room/WC
Open Plan Lounge/Kitchen
Producing £11,424pa on a AST
All apartments have Gas fired central heating to radiators are well insulated and have smoke alarms fitted. They were all found to be in reasonable decorative order with no obvious major issues.
For more details and information please contact the agent
Floorplans to follow
EPC's Available on Request:
Occupied Commercial Unit : C
Flat 1 : D
Flat 2 : E
Flat 3 : E
Flat 4 : D
Flat 5 : E
Places of interest
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Broadband availability and predicted speed: obtained from Ofcom on February 5, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 5, 2022
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Red: One bar, reliable signal unlikely
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Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area: obtained on July 2, 2015 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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