£500,000 /Sale price

BUY TO LET INVESTMENT: A FREEHOLD BUILDING CONTAINING 4 RESIDENTIAL FLATS 75% LET WITH AN ANNUAL POTENTIAL INCOME OF OVER £44,000 PER ANNUM A Freehold building in the city of Chelmsford with driveway and rear garden containing 4 residential maisonettes. All 4 flats are currently let however the tenant for 56b is due to vacate on 19th April 2026. It is considered that when this flat is re-let it could produce an annual income of over £44,000 per annum. A yield of 8.8% of the guide price. 56 - 1 bedroom ground-floor flat- Total floor area- 517 square foot (48 square meters) 56A 1 bedroom top-floor flat- Total floor area 570 square foot (53 square meters) 56B Top-floor studio flat-Total floor area- 258 square foot (24 square meters) 56c Top-floor studio flat Total floor area 237 square foot (22 square meters) 56 - £1050 pcm (£12,600 per annum) 56A £990 pcm (£11,880 per annum) 56B £795 pcm (£9450 per annum) 56c £850 pcm (£10,200 per annum) Total- £3685 pcm (£44,220 per annum) 56- D 56a- E 56b- E 56c-E