£475,000

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  • Ref: 10579
  • Type: Apartment
  • Availability: For Sale
  • Bedrooms: 8
  • Bathrooms: 3
  • Reception Rooms: 2
  • Tenure: Freehold

Features

Property Features

  • Split into three flats
  • Gross rent of £45,420
  • Fully let
  • Close to city centre
  • Ideal investment opportunity
  • Close to University

Description

Full Details

A substantial, four storey terraced Victorian town house that has been converted into three self-contained flats located within the heart of the Garden Quarter. Each of the three flats are currently let with a gross income (before utility bills are taken off) of £45,420 per annum.

The property is situated just a short walk from Chester's city centre and the University of Chester making this a truly fantastic investment opportunity. Each flat has its own gas-fired central heating system with boiler and separate gas meter, own individual electric, and water meters.

15 Raymond Street is accessed up stone steps from street level, with the three flats having a shared entrance hallway which houses a mains connected fire alarm control panel that is interlinked throughout the whole building.

Flat 1 is a duplex-style flat set over two floors with four letting rooms and a walled courtyard-style garden. Entering through the flat's front door there are two double bedrooms to the front, a basement bedroom, a dining kitchen, WC, shower room and a further bedroom with a walk-in wardrobe to the rear of the flat. The rear courtyard is accessed off the dining kitchen and provides rear access onto Garden Lane. Currently let to four students for the academic year 2023/2024 under four separate tenancies for 48 weeks at £110.00 each room per week including utility bills. Gross Rental £21,120.

Flat 2, is a three-bedroom flat that is set on the first floor. As you enter through the front door there is a corridor hallway that accesses all the rooms. To the front there is a spacious living room and first double bedroom, off the corridor there are a further two double rooms, kitchen, and shower room. Currently let at £1,300 per calendar month including utility bills to working professionals under one tenancy. Gross Rental £15,600.

Flat 3 on the second floor is an open plan one bedroom apartment that offers views over towards the Welsh Hills. The layout consists of a entrance hallway, an open plan living area through to kitchen, double bedroom with large fitted wardrobes and a three piece bathroom suite. Currently let at £725.00 per calendar month to a working professional including electric and water (2024). Gross Rental £8700.

All three flats are furnished to a high standard, which is included in the sale, along with wall mounted flat screen TV's in all the rooms and all appliances.

The tenure of 15 Raymond Street is freehold and there is one title deed for the whole building registered at Land Registry.

Location

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  • 01244 886 636
£475,000
  • Ref: 10579
  • Type: Apartment
  • Availability: For Sale
  • Bedrooms: 8
  • Bathrooms: 3
  • Reception Rooms: 2
  • Tenure: Freehold

01244 886 636

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