Station Street, Ross-On-Wye

£375,000

Guide price

INVESTMENT OPPORTUNITY A fantastic investment opportunity conveniently tucked away close to the amenities of Ross town centre. The property comprises five separate residential letting units and is currently fully occupied on assured shorthand tenancies and generating just under £24,000 rental income per annum. The property is in reasonable condition throughout however offers the opportunity for some modernisation and updating which, if carried out, would be likely to lead to a potential increase in achievable rents.

GARDEN FLAT

Accessed from its own enclosed garden, UPVC double glazed front door to:

Hall

Doors to:

Living Room

4.22m x 2.68m max (13'10 x 8'9 max)

Electric storage heater, power points, light, door to Kitchen, double bi-fold doors to:

Conservatory

2.69m x 3.03m (8'10 x 9'11 )

UPVC double glazed construction with windows to three sides, uPVC double glazed double door to garden.

Kitchen

2.41m x 2.70m (7'11 x 8'10 )

Fitted with a range of base and eye level units with worktop space over, stainless steel sink unit, plumbing for washing machine, space for fridge, electric oven, four ring electric hob with extractor hood over, uPVC double glazed window to side, opening to:

Rear Lobby

UPVC double glazed door to rear courtyard, door to Airing Cupboard with hot water cylinder and immersion heater. Door to:

Bathroom

With bath, pedestal wash hand basin, low-level WC, electric fan heater, extractor fan, shaver light, uPVC frosted double glazed window to rear, door to:

Bedroom

3.56m x 3.34m overall max dimensions (11'8 x 10'1

UPVC double glazed window to front, electric storage heater, power points, light. Door returning to hall.

Garden

Garden Flat enjoys its own enclosed garden area with paved patio, lawned garden and associated flower borders.

Open Porch

Landlords meter cupboard, door to:

Communal Hallway

2.00m x 1.68m (6'7 x 5'6 )

Stairs to upper floors, door to understairs storage cupboard, door to:

FLAT 1

Living/Bedroom

4.22m x 3.50m max (13'10 x 11'5 max)

Electric storage heater, telephone point, TV point, power points, light, opening to Kitchen, opening to:

Snug

1.23m x 2.71m (4'0 x 8'11 )

UPVC double glazed patio door to Enclosed Courtyard.

Kitchen

2.25m x 3.42m (7'5 x 11'3 )

Fitted with a matching range of base and eye level units with worktop space over, stainless steel sink unit, plumbing for washing machine, space for fridge, electric oven, four ring hob with extractor hood over, electric storage heater, door to:

Bathroom

With panelled bath, pedestal wash hand basin, low-level WC, electric fan heater, extractor fan, shaver light, door to Airing Cupboard with hot water cylinder and immersion heater.

First Floor Communal Landing

Timer light, doors to:

FLAT 2

Living/Bedroom

4.22m x 2.70m max (13'10 x 8'10 max)

UPVC double glazed window to front, power points, light, opening to:

Kitchen

2.60m x 2.53m (8'6 x 8'4 )

Fitted with a range of base and eye level units with worktop space over, stainless steel sink unit, plumbing for washing machine, space for fridge, electric oven, four ring electric hob with extractor hood over, uPVC double glazed window to side, door to:

Bathroom

With panelled bath, pedestal wash hand basin, low-level WC, electric fan heater, extractor fan, shaver light, airing cupboard with hot water tank with immersion heater.

FLAT 3

Hall

UPVC double glazed window to front, light, opening to:

Living/Bedroom

4.22m x 3.26m max (13'10 x 10'8 max)

UPVC double glazed window to front, electric storage heater, power points, light, fitted wardrobe, opening to:

Kitchen

2.60m x 2.74m (8'6 x 9'0 )

Fitted with a matching range of base and eye level units with worktop space over, stainless steel sink unit, plumbing for washing machine, space for fridge, electric oven, four ring electric hob with extractor hood over, power points, light, door to:

Bathroom

With panelled bath, pedestal wash hand basin, low-level WC, electric fan heater, extractor fan, door to airing cupboard with hot water cylinder and immersion heater.

FLAT 4

Hall

Light, stairs to:

Landing

With light, doors to:

Living Room

4.22m x 2.75m plus kitchen recess (13'10 x 9'0 p

UPVC double glazed window to rear, electric storage heater, power points, light, base and eye level cupboards with worktop space over, stainless steel sink unit, plumbing for washing machine, space for fridge, electric oven, four ring electric hob with extractor hood over.

Bedroom

4.26m x 4.13m overall max dimensions (13'11 x 13'

An irregular shaped room, UPVC double glazed window to rear, power points, light, door to storage cupboard.

Shower Room

With shower cubicle, pedestal wash hand basin, low-level WC, electric fan heater, extractor fan, uPVC double glazed window to front.

External

To the front of the building is an enclosed gravelled forecourt providing off road parking for each flat as well as visitors. This space also doubles as an outdoor amenity area where the current tenants have a picnic bench used for outdoor socialising. N.B. The neighbouring owner benefits from a right of access across this frontage to two allocated parking spaces.

Tenancies

The property is fully occupied and in receipt of the following rental income:

Garden Flat - £470 per calendar month

Flat 1 - £380 per calendar month

Flat 2 - £360 per calendar month

Flat 3 - £390 per calendar month

Flat 4 - £390 per calendar month.

Overall the property is currently generating an annual income of £23,880.

INDEPENDENT FINANCIAL ADVICE

We are able to arrange a no obligation introduction to a mortgage advisor who specialises in various areas of financial planning, including mortgages.

LOCAL AUTHORITY & CHARGES

Herefordshire Council, 01432 260000. Each property is rated Band A, £1,522.25 (2023/24)

MONEY LAUNDERING REGULATIONS

To comply with money laundering regulations, prospective purchasers will be asked to produce photographic identification documentation at the time of making an offer. We ask for your cooperation in order that there is no delay in agreeing the sale.

N.B.

These particulars do not constitute part or all of an offer or contract. All information contained within these particulars is given in good faith but should not be relied upon as being a statement or representation of fact. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. None of the services or appliances mentioned in this brochure have been tested. We would recommend that prospective purchasers satisfy themselves as to their condition, efficiency and suitability before finalising their offer to purchase. All measurements are approximate and as such should be considered incorrect. Potential buyers are advised to recheck the measurements before committing to any expense. Any movable contents, fixtures and fittings, (whether wired or not) referred to in these property particulars (including any shown in the photographs) are, unless the particulars say otherwise, excluded from the sale. It should not be assumed that the property has all necessary planning, building regulation or other consents and these matters must be verified by an intending purchaser. Trivett Hicks has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor. All statements contained in these particulars as to this property are made without responsibility on the part of Trivett Hicks, or the vendors or lessors.

TENURE

The Freehold is for sale as well as the existing leasehold tenure for each property.

VIEWING ARRANGEMENTS

Strictly by arrangement with the Selling Agents, Trivett Hicks, 53 Broad Street, Ross-on-Wye. Tel: (01989) 768666.