Location
A Residential Investment Portfolio of 17 Flats in an Unbroken Block (Available only as a Whole)
Swannack House (also known as Redforde House) is made up of 17 self-contained units (comprising 4 flats and 13 studios) and a small ground floor retail unit, in a single block on one freehold title. It was developed by the Vendor for their own investment purposes in 2020. It is a good quality conversion of the former Swannack’s department store. It is not listed but is within a Conservation Area. The residential is fully occupied on individual ASTs. The retail is vacant but anticipated to be let at the point of sale. The site is adjacent to a large pay and display car park. The development has been undertaken to a good standard of build. This comprises a ‘back to brick’ approach with new electrics, plumbing, flooring, plastering, windows and roofing throughout. Each unit is individually metered. The specification is also good with Intercom access, modern kitchens and bathrooms, electric radiators, smoke and heat detectors, recessed lighting, LVT to kitchens and bathrooms and carpeting to living areas and bedrooms.
All units have an EPC of D, with the exceptions of Studios 4 and 6 which have a rating of C and Studio 10 which has a rating of E. Each EPC has an expiry date of 04 August 2030 with the exception of Studio 18 which is 11 October 2030.