A unique freehold rental investment opportunity comprising ten apartments, currently generating a gross annual income of about £82,000.
Elmgrove Court is modern development of 10 apartments all let on assured shorthold tenancies, and generating over £82,000 per annum.
The property is accessed via a set of metal gates in to a secure parking area and each property has at least one allocated parking space, with a good range of visitors spaces, including two at the front of the building. At the far end of the car park is a gravelled communal garden and two of the apartments have private courtyard gardens.
There are three floors of accommodation with four apartments on each of the first two floors and two apartments on the second floor. A summary of the accommodation is found below. This includes current rents which is correct as at the time of printing.
Summary of accommodation
Flat 1 43.3sqm/ 466sqft 2 bedrooms - £675pcm
Flat 2 41.3sqm/ 444sqft 2 bedrooms £675pcm
Flat 3 43.3sqm/ 466sqft 2 bedrooms £675pcm
Flat 4 43.6sqm/ 469sqft 2 bedrooms £675pcm
Flat 5 43.3sqm/ 466sqft 2 bedrooms £675pcm
Flat 6 43.5sqm/ 468sqft 2 bedrooms £695pcm
Flat 7 45sqm/ 484sqft 1 bedroom £650pcm
Flat 8 57.9sqm/ 623sqft 2 bedrooms £695pcm
Flat 9 36.7sqm/ 395sqft Studio - £600pcm
Flat 10 80.7sqm/ 868sqft 3 bedrooms £825pcm
Current total per calendar month (correct at time of going to print) - £6,840pcm (£82,080pa)
Mains water, electricity and drainage. Electric heating to each apartment and hot water supplied by PV panels located on the roof. A central CCTV is fitted to all external and communal areas, and L3 fire alarm system is installed, and Virgin and BT is supplied to each apartment.
Stroud District Council - https://www.stroud.gov.uk/
This is a great opportunity to invest in a brilliant self-contained rental package with very low maintenance and an impressive incomeChris Jarrett