Standout Features
- Freehold investment property split into five flats
- Good, popular location, adjacent to the park
- Some sea views, close to Chesil beach and sailing academy
- Property in good condition, well maintained and communals recently refurbished
- Fully let, good tenants, no arrears, consistent income
- Lets readily when there is a vacancy
- Attractive yield
- Opportunity to create additional accommodation, subject to relevant consents
- Opportunity to create additional accommodation
Property Description
INVESTMENT OPPORTUNITY A rare opportunity has arisen to acquire this substantial Victorian property overlooking the splendid Victoria Gardens which are made up of grassed and formal bedding areas with a large rockery running along its centre, as well as a recently planted woodland area, play area, tennis courts and bowling green. The property which also boasts views of the sea and Chesil Beach is a short stroll from the coast, the National Sailing Academy and local amenities.
This spacious freehold property is currently arranged as five apartments most of which have undergone recent refurbishment could also be developed/extended further to make additional accommodation subject to the relevant planning consents.
With well presented communal areas that have recently been refurbished the property consists of the following accommodation:-
Flat 1 - 73sqm - Ground Floor. Two Bedrooms. Access to Garden.
Flat 2 - 18sqm - First Floor. Studio Flat.
Flat 3 - 45sqm - First Floor. One Bedroom Flat.
Flat 4 - 19sqm - Second Floor. Studio Flat.
Flat 5 - 40sqm - Second Floor. One Bedroom Floor
The apartments are currently achieving the following rents
Flat 1 - £800 pcm
Flat 2 - £450 pcm
Flat 3 - £640 pcm
Flat 4 - £465 pcm
Flat 5 - £600 pcm
Total Income £2955 pcm
This spacious freehold property is currently arranged as five apartments most of which have undergone recent refurbishment could also be developed/extended further to make additional accommodation subject to the relevant planning consents.
With well presented communal areas that have recently been refurbished the property consists of the following accommodation:-
Flat 1 - 73sqm - Ground Floor. Two Bedrooms. Access to Garden.
Flat 2 - 18sqm - First Floor. Studio Flat.
Flat 3 - 45sqm - First Floor. One Bedroom Flat.
Flat 4 - 19sqm - Second Floor. Studio Flat.
Flat 5 - 40sqm - Second Floor. One Bedroom Floor
The apartments are currently achieving the following rents
Flat 1 - £800 pcm
Flat 2 - £450 pcm
Flat 3 - £640 pcm
Flat 4 - £465 pcm
Flat 5 - £600 pcm
Total Income £2955 pcm
Additional Information
Tenure:
Freehold
Council Tax Band:
A
Mortgage calculator
Calculate your stamp duty
Results
Stamp Duty To Pay:
Effective Rate:
| Tax Band | % | Taxable Sum | Tax |
|---|
Portland, Dorset
Struggling to find a property? Get in touch and we'll help you find your ideal property.
