Property Description

***HIGH YIELD RESIDENTIAL INVESTMENT*** A superb freehold opportunity to acquire, two spacious three storied semi-detached houses, linked only by fire doors at first and second floors levels, having six large self-contained flats, situated in a strong letting location close to the city centre. All of the six well-equipped flats are currently let on ASTs producing a combined rental income of £55,200 per annum, this representing an impressive 11.2% return based on the attractive guide price. Outside the imposing properties are set back from the road. Forecourts with wrought iron railings and an integral narrow garage/lock up. There is pedestrian access to the side leads a recently block paved rear yard with parking for approximately 10 small vehicles. Access is off from Hartington Street via the rear entrance of 116 Osmaston Road.

112 OSMASTON ROAD

Communal entrance hall and stairs to first and second floors.

Flat 2 - Ground Floor

Self-contained one bedroomed gas centrally heated flat. Let at 600 per calendar month (£7,200 per annum).

Flat 4 - First Floor

Self-contained gas centrally heated three bedroomed flat. Let at £1,100 per calendar month (£13,200 per annum).

Flat 6 - Second Floor

Self-contained electrically heated two bedroomed flat. Let at £850 per calendar month (£10,200 per annum).

114 OSMASTON ROAD

Communal entrance hall and stairs to first and second floors.

Flat 1 - Ground Floor

Self-contained gas centrally heated one bedroomed flat. Let at £800 per calendar month (£9,600 per annum).

Flat 3 - First Floor

Self-contained electrically heated one bedroomed flat. Let at £600 per calendar month (£7,200 per annum).

Flat 5 - Second Floor

Self-contained one bedroomed flat. Let at £650 per calendar month (£7,800 per annum)

NOTE

Apart from varying numbers of bedrooms, each flat has its own private entrance hall, dining kitchen, large living room, bathroom/wc including shower over bath.

Outside

Forecourts with wrought iron railings. Integral narrow garage/lock-up store to 112. Rear yards and gardens.

Tenure

Freehold

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