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Block Investment Opportunity

Offers in the region of £695,000
Church Street, Tamworth Town Centre, B79 7DE
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Essential Infomation

  • Property Type: Block Of Flats
Reference number : three2six_223632202
Market info

Key Features

  • Off-road Parking
  • Tenure: Leasehold
  • Current Occupant: External Tenant
  • Double Bedrooms

Description

* BLOCK INVESTMENT OPPORTUNITY*

A mixture of one Studio Flat, 2 x One Bedroom Flats and Four-Bedroom HMO- all fully occupied.

Located in Tamworth Town Centre, access via College Lane.

Having communal entrance with intercom system and each flat having its own separate meters.

Refurbished only a few years ago, internally all flats are finished to a high standard. With fitted kitchens having integrated appliances, modern shower rooms, chrome light switches, spotlights to ceiling and wood effect laminate flooring.


LOCATION:

The Investment block is prominently situated within the heart of Tamworth Town Centre .

Positioned opposite the St Edithas Square near to Ankerside and Middle Entry Shopping Centres. Church Street falls within walking distance of all local amenities and only 400 meters Tamworth Railway Station which offers a direct train route to London.

Local council parking is available to the rear of the block . Those looking to travel by car will find useful travel links via the A5 and M42.

Tamworth has been awarded an incredible £21.65 million from the Future High Streets Fund to develop a town centre that meets the needs of 21st century shoppers, residents and businesses.

The exciting proposals include:


• Ambitions to relocate Tamworth College, part of South Staffordshire College, into the heart of the town centre

• Development of new affordable and flexible space for smaller, independent hospitality, leisure and retail businesses

• Restoration of heritage features and buildings so they can be brought back into use

• An improved entrance between the town centre and the Castle Grounds

• More affordable office space

• Improvements to Middle Entry


RENTAL SUMMARY:

Current Rental Income: £4,369 PCM /£52,428 p.a.

Rental Yield: 7.54%

Studio Flat-£560pcm/ £6720 p.a

2 x One Bedroom Flats-

Flat 2- £675pcm /£8100 p.a

Flat 3- £690pcm/ £8280 p.a

4 Bedroom HMO-£2444pcm/ £29,328 p.a (inclusive of all utility bills and council tax)

Room 1- £605pcm

Room 2- £590pcm

Room 3- £617pcm

Room 4- £632pcm


VIEWINGS:

Strictly via Agent only.


DISCLAIMER NOTICE:

Misrepresentation Act 1967 and Consumer Protection Regulation

These details are prepared as a general guide only, and should not be relied upon as a basis to enter into a legal contract, or commit expenditure. An interested party should consult their own surveyor, solicitor or other professionals before committing themselves to any expenditure or other legal commitments. If any interested party wishes to rely upon any information from the agent, then a request should be made and specific written confirmation can be provided. The agent will not be responsible for any verbal statement made by any member of staff, as only a specific written confirmation should be relied upon. The agent will not be responsible for any loss other than when specific written confirmation has been requested.

Short Description

* BLOCK INVESTMENT OPPORTUNITY*
A mixture of one Studio Flat, 2 x One Bedroom Flats and Four-Bedroom HMO- all fully occupied.
Located in Tamworth Town Centre, access via College Lane.
Having communal entrance with intercom system and each flat having its own separate meters.
Refurbished only a few years ago, internally all flats are finished to a high standard. With fitted kitchens having integrated appliances, modern shower rooms, chrome light switches, spotlights to ceiling and wood effect laminate flooring.

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