Apartment block for sale! 17x studios and 1x one bedroom apartment. Fully let on assured shorthold tenancies in a great Chester location.
Savills are delighted to present a special opportunity to purchase two freehold adjoining blocks, comprising 18 apartments in a sought after Chester location.
Totalling 18 apartments, broken down into 17 studios and a one bedroom, every unit is let on an assured shorthold tenancy agreement, achieving a gross yield of 7.3%.
Apartments that have come available for re-let recently have been refurbished, however there is further scope to modernise apartments and increase rental yields throughout.
Occupying a substantial plot, professionally maintained and let by the current owner, this is undoubtedly a unique opportunity for the discerning investor.
Perched atop Upper Cambrian Road in an enviable position, the development offers excellent access to everything available in Chester city centre.
With outstanding views on offer to the Welsh hills and beyond, the property benefits from a tranquil, peaceful setting which has long proved popular to the buoyant rental market.
Full particulars including photos, EPC's, title plans and rental schedule are available upon request from the office. Please note current photos have been taken on different dates/times and those shown are a selection across the development.
View payable Stamp Duty for this property
Great opportunity to purchase a ready let block of apartments in an excellent Chester location!
Ryan GriffinProperty agent