The property was extensively updated around 14 years ago when it was converted into 6 self-contained 1-bedroom apartments, each with lounge, kitchen and bathroom. These have been successfully let out in the intervening years. Offering an ideal investment opportunity, the building, when fully let, is capable of producing a gross annual income of £27,720.

•  Excellent investment opportunity
•  Six 1-bedroom apartments
•  Double glazed windows
•  Economy 7 electric heating
•  Front apartments overlook Marina
•  Popular and convenient location

Tenancy Schedule

Apt No1 Assured Tenancy £380.00 per mth £4560 annual rent

Apt No 2 Month to month Tenancy £350.00 per mth £4200 annual rent

Apt No3 Month to month Tenancy £450.00 per mth £5400 annual rent

Apt No4 Vacant (£350.00) (£4200)

Apt No5 Month to month Tenancy £450.00 per mth £5400 annual rent

Apt No6 Month to month Tenancy £330.00 per mth £3960 annual rent

Total gross annual income when fully let = £27,720

In all leases the tenant is responsible for payment of rates

LOCATION : Travelling down Main Street turn left at the lights and travel along Queens Parade. At the mini-roundabout continue straight ahead to Grays Hill and Kinnegar House is the first building on the right.

We endeavour to make our sales details accurate and reliable but they should not be relied on as statements or representations of fact and they do not constitute any part of any offer or contract. The seller does not make any representation or give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We would strongly recommend that all the information which we provide about the property is verified by yourself or your adviser. Please contact us before viewing the property. If there is any point of particular importance to you we will be pleased to provide additional information or to make further enquiries. We will also confirm that the property remains available. This is particularly important if you are contemplating travelling some distance to view the property.