Arlington Park are proud to present this attractive property on Unthank Road featuring 6 self contained apartments providing an excellent opportunity to a buy to let investor looking to add to their portfolio.
5 of the properties are currently occupied and all occupants wish to remain at the property, the 6th has recently undergone partial renovation and is a blank canvas for the new owner to create a space to their design. The property benefits from a new fire safety system installed in recent months.
Flat A (Basement Studio): This recently redecorated studio apartment boasts built-in wardrobes, a separate kitchen space, and a bathroom with a utility cupboard. It currently achieves a rental income of £750 per calendar month (pcm).
Flat B (Ground Floor 1-Bedroom): This ground-floor flat offers an open-plan living space, a separate utility room, a bathroom, and a bedroom with built-in wardrobes. Additionally, it comes with a designated parking space at the rear of the property. The current rental income sits at £900pcm.
Flat C (First Floor 1-Bedroom): This first-floor flat mirrors Flat B's layout, featuring an open-plan living space, a separate utility room, a recently updated bathroom, and a bedroom with built-in wardrobes. It also benefits from a designated parking space at the rear and achieves a rental income of £925pcm.
Flat D (Attic 1-Bedroom): This attic flat offers an open-plan living space with a recently updated bathroom and a bedroom with built-in wardrobes. While the current rental income is £700pcm, market value suggests it could reach around £850-£875pcm.
Flat E (Ground Floor 1-Bedroom - Renovation Opportunity): Located at the rear of the property, this flat currently presents a blank canvas for your design vision. While currently an empty shell with only plaster finish, power and water services remain active and in place. Its estimated rental value sits at £800-£825pcm upon completion.
Flat F (First Floor Studio): Accessed via a private staircase, this rear-facing studio flat features built-in wardrobes, a separate kitchen, and a bathroom. It boasts a recently installed gas boiler and achieves a rental income of £695pcm, with potential to reach around £750pcm based on current market value.
Additional Information:
The property holds a 6/11th share of the freehold, shared with the adjoining property.
Ground rent and service charges are currently £75 per month, per flat.
Some ongoing maintenance works, addressed through a Section 20 Notice, will be completed upon sale.
For further details on individual rents, leases, risk reports, or to arrange a viewing, contact Arlington Park directly on 01603 577255.
