Description: Corner property occupying a large site on the north west corner of Luton Road and Magdalen Road in a good residential area of Cleverley's close to Lidl supermarket, Victoria Road West and the Promenade.The two storey building consists of 4 residential flats 1 x 2 bedroom ground floor flat with its own entrance plus a ground floor 1 bedroom flat and 2 first floor studio flats. Parking for 4 cars, lawned fenced garden and garage. Gross rental income circa £23,000 per annum.

Location: Located on the north west corner of Luton Road and Magdalen Road in a good residential area of Cleverley's close to Lidl supermarket, Victoria Road West and the Promenade

Ground Floor: 25a - Flat 4: Lounge open plan kitchen 3.3m x 5.2m; Bedroom 3.2m x 2.9m; Bedroom 3.4m x 3m; Shower and toilet 1.7m x 2.2m.
25 - communal hall and stairs;
Flat 1: Lounge 4.7m x 3.6m; Bedroom 2.2m x 3.6m; Kitchen 2m x 3.5m; shower and toilet 1.8m x 2m.

First Floor: Flat 2: Lounge/bedroom 4.2m x 3.6m; Kitchen 2.3m x 3.4m; shower and toilet 2.8m x 0.8m.
Flat 3: Lounge/bedroom 3m x 3.7m; Kitchen 2.9m x 2.8m; Bathroom and toilet 1.8m x 1.75m.

Exterior: Lawned garden; Parking 4 cars; Garage

Business: Rental schedule;
Flat 1: £100 a week (£5,200 pa)
Flat 2: £100 a week (£5,200 pa)
Flat 3: £440 pcm (£5280 pa)
Flat 4: £552 pcm (£6624 pa)
Garage: £50 pcm (£600 pa)

Total £22,940 per annum.

Services: Electric and water. Electric heating. Coin sub meters to each flat for electricity. Landlord pays the water rates. tenants pay council tax

Tenure: Freehold. The area inside the red line on the photographs is under separate ownership on a flying freehold.

Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.