Chapel Street, Ripley

INVESTOR OPPORTUNITY

CHAPEL STREET RIPLEY DERBYSHIRE DE5 3DL

POTENTIAL YIELD OVER 8% ON EXISTING TENANCIES

£320,000 OIRO

A rare and exciting opportunity to purchase the freehold of six residential investment properties, returning in excess of £25,000.00 per annum in rental yield.

FULL DESCRIPTION

A rare and exciting opportunity to purchase the freehold of six residential investment properties, returning in excess of £25,000.00 per annum in rental yield.

Property 1 – A one bedroom ground floor flat featuring living area, double bedroom, kitchen and bathroom. Occupied for many years by the same tenant with rental income of £3,360.00 per annum

Property 2 – A two bedroom ground floor flat featuring living area, two double bedrooms, kitchen and bathroom. Occupied for many years by the same tenant with rental income of £4,680.00 per annum

Property 3 – A two bedroom apartment with layout over three floors featuring kitchen to the ground floor, living area, double bedroom and bathroom to the first floor and bedroom 2 at second floor level. Occupied by the current tenant for approximately 12 months with rental income of £4,680.00 per annum

Property 4 – A two bedroom first floor apartment with communal access from the ground floor. Featuring a living area, two large double bedrooms, kitchen and shower room. Occupied by the current tenant for approximately 12 months with rental income of £4,680.00 per annum

Property 5 – A two bedroom second floor apartment with communal access from the ground floor. Featuring a living area, two large double bedrooms, kitchen and shower room. Currently vacant with rental income potential of £4,680.00 per annum

Property 6 – A ground floor bedsit featuring large bed / sitting area, a separate kitchen and bathroom. Currently tenanted with a rental income of £3,744.00 per annum

Located close to the busy town centre of Ripley, Derbyshire which is home to the headquarters of Amber Valley Borough Council and also Derbyshire Constabulary, Ripley is a thriving market town with many amenities within walking distance including shops and supermarkets, a leisure centre with swimming pool and public houses. Also within walking distance are local parks, woods and a reservoir plus a cricket pitch and even a community hospital.

Ripley has excellent transport links via A38 to the M1, A610 to Nottingham and the A6 to Derby. All major towns and villages can be accessed via local transport links which run from the Market Place, walking distance from the flats.