Available
East Grinstead – Block of 4 Flats
31 North End, London Road, East Grinstead, West Sussex RH19 1QJFreehold Residential Block Investment
Price
£725,000
Rent P.A.
£36,600
Yield
5.05%
Tenure
Freehold
Area
1,561 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises block of 2 x 1-bed and 2 x studio flats
- Newly converted in 2022/2023 to a high standard
- Within close proximity to local retailers including Londis Convenience Store, Pharmacy, Café and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises residential block of 2 x 1-bed and 2 x studio flats, newly developed/converted in 2022/2023, providing the following accommodation and dimensions:
Flat 31A: 39 sq m (420 sq ft)
1 Bedroom, Kitchen/Living Room, Bathroom
Flat 31B: 42 sq m (452 sq ft)
1 Bedroom, Kitchen/Living Room, Bathroom
Flat 31C: 34 sq m (366 sq ft)
Double Bed, Kitchen, Storage, Bathroom
Flat 31D: 30 sq m (323 sq ft)
Double Bed, Kitchen, Storage, Bathroom
Flat 31A: 39 sq m (420 sq ft)
1 Bedroom, Kitchen/Living Room, Bathroom
Flat 31B: 42 sq m (452 sq ft)
1 Bedroom, Kitchen/Living Room, Bathroom
Flat 31C: 34 sq m (366 sq ft)
Double Bed, Kitchen, Storage, Bathroom
Flat 31D: 30 sq m (323 sq ft)
Double Bed, Kitchen, Storage, Bathroom
Tenancy Description
Flat 31A is at present let on AST to S&G Properties Solutions for a term of 12 Months from 6th February 2023 at a current rent of £9,600 p.a. Deposit held of £923.
Flat 31B is at present let on AST to S&G Properties Solutions for a term of 12 Months from 6th February 2023 at a current rent of £10,800 p.a. Deposit held of £1,037.
Flat 31C is at present let on AST to an Individual for a term of 12 Months from 19th November 2022 at a current rent of £8,400 p.a. Deposit held of £807.69.
Flat 31D is at present let on AST to an Individual for a term of 12 Months from 19th November 2022 at a current rent of £7,800. Deposit held of £750.
Flat 31B is at present let on AST to S&G Properties Solutions for a term of 12 Months from 6th February 2023 at a current rent of £10,800 p.a. Deposit held of £1,037.
Flat 31C is at present let on AST to an Individual for a term of 12 Months from 19th November 2022 at a current rent of £8,400 p.a. Deposit held of £807.69.
Flat 31D is at present let on AST to an Individual for a term of 12 Months from 19th November 2022 at a current rent of £7,800. Deposit held of £750.
Tenancies & Accommodation
Location Description
The town benefits from excellent road and rail connections being on the A22 with Junction 6 of the M25 10 miles to the North and the M23 7 miles to the West. East Grinstead Railway Station provides regular services to Croydon and London Victoria. The premises are located in a prominent position fronting the London Road which forms one of the main roads into East Grinstead within close proximity to local retailers including Londis Convenience Store, Pharmacy, Café and more.
