A rare investment opportunity to purchase a single title comprising of nine high-end apartments which have been renovated to a high standard by the current owners. The building has history relating back over several decades and in recent years has been a offices and various retail outlets. It has been sensitively converted with Planning which protected the original frontage of the building sat within the heart of the Cosmopolitan and bustling University town of Loughborough. With access to public transport and all of the amenities which this vibrant heritage town has to offer. Each apartment differs in size and layout although they are all finished to a good standard with fitted kitchens and integrated appliances. The mixture of bathroom and shower rooms with good quality sanitary ware. These apartments are ready to let and we anticipate a quick turnaround to maximum occupation. Asking price £850000, income circa £5975 pcm. Gross yield 71700pa, nett circa £60945 (7%). This is a freehold opportunity to purchase the whole development including outside space. Buyers are advised to make their own enquiries regarding obligations for Insurance, block management and costs vs income prior to making any transactional decision.
There is a main front entrance door, addition to the side of the building is a secure access leading to garden which is low maintenance with Astroturf and concrete and cycle lock up point. There are four independent access points leading to the apartments which are set over three levels ranging from Feature basement apartments to an independent access to one apartment, two at the main entrance and three to the first floor mid plan giving access to penthouse. All units have a fully fitted kitchen with integrated appliances, a mixture of laminate and time floorcoverings. Bathroom or shower room with fitted sanitary ware and high end tiling. Electric heating devices throughout. Communal areas are decorated with emergency lighting electrical links smoke alarms and floor coverings, arrange vinyl tiled and carpet throughout.
Example apartment number three: The property is approached via the main communal entrance door, steps rise to a shared corridor with access to rear, and private doors leading to 2 apartments. Private entrance door to apartment number three, having laminate timber effect flooring. Door to; Living room with kitchen area 4.48 m x 3.49 m. Having to double glaze windows to rear elevation, wall mounted electric heating device, laminate timber effect flooring and separate tiled area giving definition to the kitchen comprising a matching range of wall and base units with rolled edge work surfaces. Inset stainless steel sink, inset electric hob with extractor hood over, integrated oven, modern tiles around. Door leading to; bedroom 3.93 m x 3.94 m max.Having double glazed window and screening to front elevation, laminate timber effect flooring, Wall mounted electric heating device. Utility lobby with plumbing for automatic washing machine. Bathroom; 2.76m x 2.34m comprising a panelled bath with mixer tap and shower attachment, separate walk-in shower enclosure with Triton electric shower, wash hand basin in set into vanity unit, close coupled WC, marble effect and mosaic tiled surround, tiled floor, heated towel ladder, double glazed window to side elevation.
Example apartment number nine: 14.26m x 4.83m max with reduced ceiling height. Steps rise from the courtyard and through the communal area which is decorated with part tiled and part laminate would effect flooring. There are double glaze windows and complimentary lighting with electrically linked smoke alarms. Private entrance door leads to entrance hall with under-stairs storagecupboard, laminate timber effect flooring, staircase with spindles leading to 1st floor landing. Landing having double glaze large Vellex style window, timber balustrade surround, access to eaves storage, laminate timber effect flooring. Door to; living room with having jewel aspect with three Vellex style windows open to the front elevation, double glazed dormer type window to rear elevation. Eaves storage, laminate timber effect flooring, with kitchen area having wall and base units, inset stainless steel sink, inset hob, integrated oven, extractor hood. Complimentary Rollage worksurfaces, and modern tiled surround. Doors opening to, master bedroom with dual aspect double glazed Vellex window to front elevation and double glazed dormer window to rear elevation. Two sets of the eaves storage, laminate timber effect flooring. Shower room with a walk-in shower enclosure and Triton electric shower. Wash hand basin in set into vanity unit, close coupled WC, heated towel rail. Tiled flooring. Double glazed dormer window to rear elevation.Doors opening to, master bedroom with dual aspect double glazed Vellex window to front elevation and double glazed dormer window to rear elevation. Two sets of eaves storage, laminate timber effect flooring. Shower room with walk-in shower enclosure and Triton electric shower. Wash hand basin in set into vanity unit, close coupled WC, heated towel rail. Tiled flooring and marble effect wall tiling. Double glazed dormer window to rear elevation.