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"39 40 Baxter Gate in Loughborough offers a freehold investment comprising nine self contained flats, all sold with tenants in situ. Completed around three years ago, the property underwent a full structural and cosmetic refurbishment, including new kitchens and bathrooms throughout. The development generates a current annual rental income of £84,187.20, reflecting a net initial yield of 7.02% based on a guide price of £1,200,000.

Property Description
Originally a traditional brick commercial building beneath a pitched tiled roof, the block extends over lower ground, ground, first and second floors, with single storey flat roofed extensions to the rear. A concrete surfaced yard incorporates artificial lawn accents under a metal and PVC canopy. Entry to most flats is via the rear elevation, while Flats 3 and 4 benefit from additional front door access; Flat 5 is accessed through the ground floor store.

Accommodation
Flat 1 Lower Ground Floor
Studio flat of 27.83 m featuring an open plan kitchen bedroom and a shower room.

Flat 2 Lower Ground Floor
One bedroom flat of 60.33 m comprising a kitchen, living room, double bedroom and a shower room.

Flat 3 Ground Floor
One bedroom flat of 42.71 m with a kitchen, living room, bedroom, utility room and a bathroom.

Flat 4 Ground Floor
One bedroom flat of 28.10 m offering an open plan kitchen living room, bedroom and shower room.

Flat 5 Ground Floor
One bedroom flat of 32.37 m comprising a kitchen, living room, bedroom and shower room.

Flat 6 First Floor
One bedroom flat of 28.42 m with kitchen, living room, bedroom and shower room.

Flat 7 First Floor
One bedroom flat of 32.32 m featuring kitchen, living room, bedroom and shower room.

Flat 8 First Floor
One bedroom flat of 44.15 m including store room offering kitchen, living room, bedroom and shower room.

Flat 9 Second Floor
Two bedroom flat of 50.42 m comprising kitchen, living room, two bedrooms and shower room.

Landlord s Store Ground Floor
Separate store room of 44.45 m , currently providing secure access to Flat 5 and additional storage.

Total Habitable Accommodation approximately 4,208 ft 390.65 m .

Tenancy & Income
All nine flats are let under assured shorthold tenancies, producing a combined annual rent of £84,187.20. The secure income stream delivers a 7.02% yield at the guide price, offering immediate cash flow with minimal further capital expenditure.

Safety & Compliance
A full fire alarm and emergency lighting system is installed and under service contract. Each flat is accompanied by up to date Electrical Installation Condition Reports EICRs , Energy Performance Certificates EPCs , Portable Appliance Testing PAT records, Fire Risk Assessments FRAs , emergency lighting reports, fire alarm service reports and a selective licence from Charnwood Council.

Location
Located on Baxter Gate in the heart of Loughborough town centre, the property is within easy walking distance of shops, caf s, restaurants, and leisure facilities. Loughborough railway station is approximately 0.3 miles away, with regular bus services nearby. Loughborough University and major employers are also readily accessible, ensuring strong tenant demand.

Flat 1 EPC C
Flat 2 EPC C
Flat 3 EPC D
Flat 4 EPC D
Flat 5 EPC D
Flat 6 EPC C
Flat 7 EPC C
Flat 8 EPC C
Flat 9 EPC C

Structual Drawings were all the proposed plans.

Viewings
Viewings are by appointment. To arrange an inspection of the flats please contact our team at your earliest convenience."