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" A superb investment opportunity in the centre of Yeovil, consisting of six occupied rental flats, currently providing annual income of £38,600 with potential for further uplift.


First and second floors, 30 32 Princes Street provide three two bedroom flats and three one bedroom flats. The two bedroom flats are let at £600 per calendar month, and the one bedroom flats are let at £500 pcm. The property currently generates rental income of £39,600 per annum.

The property has potential to provide annual rental income of approximately £44,000 per annum. Each flat is held on a long lease for a term expiring July 2146 122 years unexpired at a current ground rent of £50 each, a total annual ground rent of £300 subject to periodic uplifts.

The windows to the property have been recently replaced with new UPVC windows and internally the flats are well decorated and maintained throughout.

The flats are fully occupied and landlords running costs are low.

The property provides an attractive residential investment opportunity.

Flat 1 on the first floor, with kitchen diner 111 x 78, 122 x 610 , bedroom 91 x 109 plus bay and bathroom 62 x 57 .

Flat 2 on the first floor with kitchen 105 x 8 , living room 810 x 143 plus bay , bedroom one 109 x 10 , bedroom two 72 x 17 max and bathroom 511 x 68 .

Flat 3 on the first floor with kitchen diner 104 x 239 , bedroom one 104 max x 1010 , bedroom two 63 max x 157 and bathroom 61 max x1 1011 max .

Flat 4 on the second floor with kitchen diner 1110 x 239 , bedroom 86 x 134 and bathroom 54 x 65 .

Flat 5 on the second floor with kitchen diner 94 max x 1711 max , bedroom 1 1110 x 94 , bedroom 2 101 x 1310 and bathroom 62 x 65 .

Flat 6 on the second floor with kitchen diner 15 x 101 , bedroom 81 x 173 and bathroom 57 max x 116 .

Well maintained communal areas service the flats.

TENURE

The property is offered on a long leasehold basis with each flats lease having been extended in April 2023 to expire in July 2146 at a passing ground rent of £50 per annum, per flat.

SERVICES & OUTGOINGS

We understand that mains electricity, water and drainage are connected to the property. Heating is via electric wall mounted heaters.

EPC

Flat 1 Band D
Flat 2 Band D
Flat 3 Band D
Flat 4 Band C
Flat 5 Band C
Flat 6 Band D

The property is conveniently situated on Princes Street in the town centre of Yeovil. Yeovil itself is a thriving market town surrounded by beautiful countryside offering good shopping, business, cultural and leisure activities including a multi screen cinema and adjacent ten pin bowling, public swimming pool, Nuffield Health Club, the Octagon theatre along with an excellent range of restaurants and bars. Yeovil Penn Mill train station being a short distance away and bus stops available within the area. "