Attractive Residential investment Available
March 2023
Investors looking for a reliable income stream could be tempted by a recently refurbished rental property in a tucked away position close to a busy town centre.
The property, 7 Trinity Street, Taunton, is in a sought-after location in the shadows of Trinity Church, and comprises four well-appointed one-bedroom flats – three of which are currently let out.
Commercial property experts Greenslade Taylor Hunt, who are marketing the building, estimate it will generate an income of around £34,800 per annum.
It is on the market at a guide price of £425,000. This includes the three existing assured shorthold tenancies and the vacant flat.
The agents estimate a purchase at this level reflects a gross yield of 7.85% having allowed for purchasers’ costs of 5.75%.The property is not registered for VAT so no VAT will be payable on the purchase price.
The desirable flats are in good order with quality kitchen and bathroom fittings plus central heating and double glazing. Two of the flats are independently accessed at ground floor level and the upstairs flats sharing a lobby off an external staircase. Usefully there are four off street parking bays for the flats.
For more information and to arrange a viewing please contact the agents on 01823 334455.
The property, 7 Trinity Street, Taunton, is in a sought-after location in the shadows of Trinity Church, and comprises four well-appointed one-bedroom flats – three of which are currently let out.
Contemporary appeal – interior of one of the sought-after flats at 7 Trinity Street, Taunton.
Commercial property experts Greenslade Taylor Hunt, who are marketing the building, estimate it will generate an income of around £34,800 per annum.
It is on the market at a guide price of £425,000. This includes the three existing assured shorthold tenancies and the vacant flat.
The agents estimate a purchase at this level reflects a gross yield of 7.85% having allowed for purchasers’ costs of 5.75%.The property is not registered for VAT so no VAT will be payable on the purchase price.
The desirable flats are in good order with quality kitchen and bathroom fittings plus central heating and double glazing. Two of the flats are independently accessed at ground floor level and the upstairs flats sharing a lobby off an external staircase. Usefully there are four off street parking bays for the flats.
For more information and to arrange a viewing please contact the agents on 01823 334455.