High Street South, Dunstable

£1,400,000
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  • FREEHOLD RESIDENTIAL INVESTMENT OPPORTUNITY
  • EIGHT SELF CONTAINED APARTMENTS
  • UNBROKEN FREEHOLD BLOCK
  • £72,780 PER ANNUM RENT (+(5% poss uplift)
  • FREEHOLD INCLUDED IN THE SALE
  • DUNSTABLE TOWN UNDERGOING LARGE INVESTMENT
  • IDEAL LOCATION FOR DUNSTABLE INDUSTRIAL ESTATE
  • 5.00 to 5.50% YIELD
  • STABILISED INCOME PRODUCING RESIDENTIAL INVESTMENT
  • 7 LET ON AST's & 1 OWNER OCCUPIED

Property Summary

THE OPPORTUNITY: THERE IS AN OPPORTUNITY TO BUY AND HOLD A STABILISED PRIVATE RENTAL SECTOR (PRS) WELL CLUSTERED PORTFOLIO IN A KEY STRATEGIC LOCATION WITHIN DUNSTABLE BEDFORDSHIRE. WALKING DISTANCE OF THE TOWNS RETAIL CORE AND GUIDED BUSWAY. THERE ARE OPERATIONAL OPPORTUNITIES TO IMPROVE RENTS IN THE REGION OF UP TO 5%.

MADE UP OF A BLOCK OF 8 FLATS CONVERTED IN 2016 FORMALLY THE FOUR KINGS PUB. A MIXTURE OF 1 3 BEDROOM, 4 ONE’S AND 3 TWO BEDROOMS TO INCLUDE IN THE SALE OF THE FREEHOLD TO THE BUILDING.

THE BLOCK IS CONSTRUCTED OF TRADITIONAL BRICK ELEVATIONS UNDER TILED OR SLATE COVERED ROOFS. WINDOWS ARE ALL SASH UPVC DOUBLE GLAZED. THE DECORATIVE CONDITION TO ALL PROPERTIES HAVE AND ARE WELL MAINTAINED.

DUNSTABLE IS THE OLDEST CHARTER TOWN IN THE AREA NOW KNOWN AS CENTRAL BEDFORDSHIRE AND IS CURRENTLY HOME TO AROUND 40,000 RESIDENTS. DUNSTABLE IS FIERCELY PROUD OF ITS RICH HERITAGE YET, WHILST IT MAY BE STEEPED IN HISTORY, IT IS VERY MUCH A TOWN IN THE PRESENT, WORKING TOWARDS A BRIGHT FUTURE. DUNSTABLE IS SITUATED SOME 25MILES TO THE NORTH-WEST OF LONDON, WITH EXCELLENT ACCESS TO THE HEART OF THE NATIONAL MOTORWAY NETWORK. WITH THE M1 RUNNING CLOSE BY AND THE M25 BEING LESS THAN 20 MILES AWAY, OVER THREE QUARTERS OF THE UK MAINLAND POPULATION CAN BE REACHED WITHIN A SAME DAY RETURN JOURNEY.

THE BREAKDOWN IS AS FOLLOWS:

GROUND FLOOR:
FLAT 1 - 1 BEDROOM - £695.00PCM
FLAT 2 - 3 BEDROOM - £1000.00 (EXPECTED RENTAL VALUE)
1ST FLOOR:
FLAT 3 - 2 BEDROOM - £750PCM
FLAT 4 - 1 BEDROOM - £715PCM
FLAT 5 - 2 BEDROOM - £795PCM
2ND FLOOR:
FLAT 6 - 2 BEDROOM - £750PCM
FLAT 7 - 1 BEDROOM - £710.00
FLAT 8 - 1 BEDROOM - £695.00
TOTAL EXPECTED MONTHLY; £6110.00PCM. £73,320PA

Full Details

Flat One
A One bedroom ground floor apartment measuring approximately 602 sq feet generating £695 pcm.

Flat Two
A three bedroom ground floor apartment measuring approximately 990 sq feet which would generate £1000 pcm.

Flat Three
A Two bedroom first floor flat measuring approximately 440 sq feet generating £750 pcm.

Flat Four
A one bedroom first floor apartment measuring approximately 495 sq feet generating £715 pcm.

Flat Five
A two bedroom first floor apartment measuring approximately 570 sq feet generating £795 pcm.

Flat Six
A two bedroom second floor apartment measuring approximately 548 sq feet generating £750 pcm.

Flat Seven
A one bedroom second floor apartment measuring approximately 452 sq feet generating £710 pcm.

Flat Eight
A one bedroom second floor apartment measuring approximately 398 sq feet generating £650 pcm.

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01582 661112
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