£1,250,000

   

ROI = 1% BMV = -31.79%
Description

A rare opportunity to acquire this Grade 2 listed former Victorian water tower sympathetically converted into 6 apartments. The well-appointed apartments enjoy a contemporary design and the upper floor features impressive panoramic views. The apartments are currently let on AST's and generate a current rental income of £90,540 pa. There is allocated parking for each property and residents benefit from a communal garden area and lift access. Additional Information - Parking There is allocated parking for each apartment. Property construction – Standard form Services: Gas - mains Water – mains Drainage – mains Electricity - mains Heating - Gas central heating Broadband connection available (information obtained from Ofcom): Superfast - Fibre to the cabinet (FTTC) Mobile phone coverage For an indication of specific speeds and supply of broadband and mobile, we recommend potential buyers go to the Ofcom web-site “Broadband and mobile coverage checker” The owner has a responsibility to contribute to the cost of the maintenance of the access road The adjoining garage is not included in the sale and will be retained by the vendors. For a copy of each EPC please google EPC register and use the postcode to retrieve these.

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Property Details
  • Property ID: 159125285
  • Added On: 2025-03-08
  • Deal Type: For Sale
  • Property Price: £1,250,000
  • Bedrooms: 1
  • Bathrooms: 1.00
Amenities
  • Investment Opportunity
  • Converted Grade 2 listed former water tower
  • 5 x 2 Bed's and a 1 Bed penthouse apartment
  • Allocated parking for each apartment
  • Communal garden; Residents lift
  • Current Rental income £90,540 pa