5 Bed Apartment For Sale

Please see details on the property listed below for you to review: This property is being sold with tenants in situ.



Pure Investor are delighted to bring to the market this mid terraced property on Windsor Terrace, Fleetwood. The property has been split into 2 x 2 bedroom apartments on the ground and first floor and a 1 x 1 bedroom apartment on the top floor. The apartments are currently tenants and generating a strong, regular rental income. The apartments have all undergone recent refurbishment before the current tenants moved in to bring the property back up to a modern, highly popular rental residence.



From speaking to the current managing agent who also manage a number of similar properties in the local area there is a strong demand for apartments like this in the Fleetwood/Blackpool area. Fleetwood rental sector has undergone regeneration recently with the local council trying to invite tenant and investors back into the area.



INVESTMENT INFORMATION



- Asking price: £185,000.00

- 2 x 2-bedroom & 1 x 1-bedroom apartments

- Current rental incomes £600pcm, £600pcm & £520pcm. A tenant is due to move out of the apartments and the letting agent would be looking to achieve a similar rent on the apartment.

- Overall rental income: £20,640.00

- Gross yield: 11.2%

- Net yield (10% management fee): £18,576.00

- Freehold property

- Service charge: N/A

- Ground rent: N/A

- Mid terraced property