Residential Development in FY1

Mid-terraced three storey property located close to the town centre. Property consists of 5 self contained flats; 4 one bedroom flats & 1 Studio Flat. 4 flats have electric heating, 1 has gas central heating. Individual prepaid meters and Band A Council Tax. Rental income when fully let £25,980 per annum. On Palatine Road adjacent to town centre and convenient for all amenities. Accommodation comprises lower ground floor with flat 2 kitchen/diner and shower/wc. Ground floor includes vestibule entrance hall and stairs, flat 1 with lounge/kitchen, shower/wc, and bedroom, and flat 2 with hall, bedroom, and lounge with access to the lower ground floor. First floor features flat 3 with lounge/bedroom, kitchen, and shower/toilet, and flat 4 with lounge/kitchen, bedroom, and shower/wc. Second floor comprises flat 5 with lounge/kitchen, bedroom, and shower/toilet. Rent schedule shows flat 1 at £340 pcm (EPC D, 37sqm), flat 2 at £550 pcm (EPC D, 25sqm, vacant), flat 3 at £390 pcm (EPC E, 25sqm), flat 4 at £425 pcm (EPC E, 35sqm), and flat 5 at £460 pcm (EPC E, 41sqm). Services include all mains services, gas central heating to flat 2, electric heating to other flats, and prepaid meters to all flats. Tenure is freehold with title number LA722744. Council tax is Band A for each flat.