Maldon House, on the corner of Kings Place and York Buildings is a short walk from the town’s main shopping area Cornhill and the High Street.
The large, attractive, double fronted Grade II listed building has undergone an extensive re-development programme and now provides seven luxury apartments and studios.
Each apartment consists of a living space, kitchen area with electric oven and hob, plus extractor, fridge, washing machine and microwave along with a shower room in a contemporary design.
Maldon House has modern energy efficient electric heating and mains drainage, electricity and water. Each flat has its own electric meter. Most of the apartments are accessed via the rear of the property, while the largest flat has its own access from the front of the building.
The gross internal floor area extends to 2,808 sq ft. Usefully there are a number of parking spaces to the rear of the building.
The property is available with residential tenants in situ at a guide price of £665,000.
Currently the property has an income of £51,660 per annum when all the apartments are let. This being the case, a purchase at the guide price reflects a gross yield of a pleasing 7.77%.
Duncan Brown, Commercial Partner with Greenslade Taylor Hunt, said: “This is an appealing residential investment opportunity in what is proving to be a particularly popular town benefiting from continued investment from Hinkley C.”
For more information and to arrange a viewing please call the sole agents on 01823 334455 or email email@example.com