Louis Taylor’s managed the sale of an attractive investment opportunity to acquire six well presented, one bedroom flats, together with a block of eight garages. This property is located within the sought-after residential location of Blythe Bridge which is popular for rentals.
The properties were brought to the market with tenants in situ. All six of the flats are currently let on Short Hold Tenancies, and have an Annual Income of £29,332 (7.2%) Yield. With an asking price of £450,000, this represented a profitable opportunity for the investor who worked with our very own, Pamela Platt to close the deal.
The properties, on the Uttoxeter Road at Blythe Bridge, consist of six, well presented and spacious one-bedroom flats located just to the south east of Stoke-on-Trent city centre. They are located just off the A50 and within easy reach of the local towns of Cheadle, Stone and Uttoxeter.
Four of the flats are situated together in a purpose built detached two-story building with a communal main entrance and staircase leading to the first floor. The remaining self contained flats are to be found in the adjacent converted end of terrace property. All six flats benefit from gas central heating and double glazing. Externally there are communal gardens, ample parking for several vehicles and a block of eight single garages.
This is the latest sale in the impressive portfolio of investment properties brought to market by Louis Taylor. Whether you are considering the sale of your rental property or a buyer looking for an investment opportunity please do not hesitate to contact the team at Louis Taylor Ltd on 01782 260 222 or info@louis-taylor.co.uk.
Pamela Platt, Snr Sales Negotiator