Crescent Street, Powys

• Three Storey Investment Opportunity
• 3 Apartments comprising
• Spacious Ground Floor 1 Bedroom Apartment
• First & Second Floor 2 Spacious 2 Bedroom Apartments
• All Tenants are long standing
• Located on corner of Crescent & Union Street
• Offering a rent of £18,460 per annum with 6.6% yield
• EPCs - D (65), C (71) & D (68) Exp 18.03.2035
Three Storey Investment Opportunity located on the corner of Crescent and Union Street. Prominent building within the town's Conservation Area with Apartments comprising Spacious Ground Floor 1 Bedroom Apartment, First & Second Floor 2 Spacious 2 Bedroom Apartments all in good order benefitting from UPVC double glazed windows and all flats on own meters and have gas boilers.
Offering a rent of £18,460 per annum against the current guide price a yield of 6.6% with potential to increase the rents. All Tenants are of longstanding nature with potential to increase the rents.
Only a short walk over Longbridge into town centre. Newtown offers a range of amenities and facilities together with recreation facilities together with walks along the River Severn into Dolerw Park.
All with Long standing Tenants and the rents are:
Flat A 36 Crescent Street – Rent £120 paid weekly
Flat B 36 Crescent Street – Rent £125 paid weekly
28 Union Street – Rent £120 paid weekly
Total Rent: £18,460 per annum
The accommodation comprises:
28 UNION STREET FLAT:
Ground Floor Flat with access direct onto Union Street there is also a further entrance into the communal side entrance which serves Flat A & Flat B 36 Crescent Street with access onto Crescent Street.
Entrance Hall with door to Cellar, door to rear private courtyard.
Living Room 4.11m x 4.90m
Bedroom (1) 4.88m x 3.35m
Kitchen 3.69m x 3.65m range of fitted units with base, wall and worktop surfaces, built-in oven, hob with extractor over, plumbed for washing machine
Shower Room with shower cubicle, washbasin with cupboard under, WC, wall mounted gas central heating boiler.
Approached from Crescent Street via a ground floor entrance door into Communal area with staircase to Flat A, 36 Crescent Street & Flat B 36 Crescent Street (2nd floor).
On the Ground Floor:
FLAT A 36 CRESCENT STREET
Entrance Hall with plumbing for washing machine
Living Room 3.79m x 4.68m
Kitchen 3.24m x 3.31m base and wall units, worktop surfaces, inset stainless steel sink, built-in oven, 4-ring hob with extractor over, breakfast bar
Bedroom (1) 4.46m x 3.29m
Bedroom (2) 3.45m x 2.52m
Shower Room 3.56m x 2.03m walk-in shower cubicle, washbasin with cupboard under, WC, heated towel rail, gas central heating boiler.
On the Second Floor:
FLAT B 36 CRESCENT STREET
Entrance Hall
Living Room 4.96m x 3.34m
Kitchen 4.75m x 3.79m fitted drawer, base and wall units, plumbed for washing machine, built-in oven and 4-ring hob.
Bedroom (1) 4.50m x 3.30m
Bedroom (2) 3.47m x 2.42m
Shower Room comprising shower cubicle, washbasin with cupboard under, WC, gas central heating boiler.
28 Union Street has access and right to the rear courtyard.
Please note a charge of £36 per person will be applied to cover mandatory Anti-Money Laundering checks for Buyers
Directions
From our office in Broad Street proceed over Longbridge and at the roundabout continue straight ahead onto Crescent Street and the property is located on the corner of Crescent Street and Union Street. What3words: