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FOR SALE

Charlton Apartments - BA4 5QE


Offers in Excess of £500,000

Type: Flat / Apartment

Bedrooms: 6

Bathrooms: 3

Receptions: 3

Investment Opportunity in heart of Somerset in up and coming area. Well maintained building containing three 2 bed apartments all occupied by long term tenants producing a good yield & potential capital growth.

  • Exciting investment opportunity in heart of Somerset in up & coming area
  • Apartment building, built in 2018, set in a conservation area with 3 x 2 bedroom flats plus communal areas
  • Located on the edge of Shepton Mallet with views of open countryside
  • All flats currently occupied on ASTs with referenced quality tenants
  • Allocated off road parking for 1 car with each apartment
  • Ground floor flat with outside space
  • Monthly rental income of £2150pcm increasing to £2275 in July 23
  • From July producing income of £25,800 pa (yield of 5.16% @ asking price) plus capital growth
  • Opportunity to create management company & change tenure
  • Good transport links

Overview

OFFERS IN EXCESS OF £500,000

Property Description: We are delighted to offer this exciting investment opportunity which is coming to the market for the first time.

Built in 2018, the apartment block has three 2-bedroom flats all of which are occupied on Assured Shorthold Tenancy Agreements. The property is fitted out to executive standard with light airy living areas; high quality fitted kitchens; tiled bathrooms with quality fittings; underfloor heating and an intercom system. It is fully double glazed and the sound proofing between the flats is comprehensive. The communal areas are all well maintained and have good natural light. There are wonderful views across fields and woodland from the top flat. The property is in a conservation area.

The open plan living areas are all of a good size, are neutrally decorated and have clearly demarcated living and dining areas. The kitchens are well designed and fitted out to the highest standards with integrated appliances including an oven, a hob, a large fridge/freezer, a washing machine and a waste disposal unit.

All the bedrooms are good sized doubles flooded with natural light with TV points and ample double sockets.

The bathrooms are all well designed, fully tiled and have full size baths with showers over plus electric towel rails.

The ground floor flat has French doors that lead to an exclusive terrace area and there is allocated parking for one car with each apartment.

EPC rating for each flat - C

Floorplan and EPC for the ground floor apartment have been used for marketing purposes. All others are available upon request.

Directions: SatNav = BA4 5FN / What3Words = electrode.reverted.segmented

Council Tax: Band A (at time of marketing). To check council tax for this property, please refer to the local authority website.

Local Authority: Somerset Council 0300 123 2224

Services: Air source heat pump heating system, mains drainage, mains water and electricity

Tenure: This property is freehold and is sold with tenants is situ on Assured Shorthold Tenancies
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Floorplans

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01749 380 380

Charlton Apartments - BA4 5QE

 Flat / Apartment
6    3    3

FOR SALE
Offers in Excess of £500,000


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