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7+ bed Semi-detached in 23 Castle Street , Kendal, LA9 7AD £420,000

Available

Description

Property Ref: 7993
For viewing arrangement, please use 99home online viewing system.

Property Ref: 7993

23 Castle Street is well located to the East of Kendal Town Centre on the corner of Castle Street and Gandy Street...

The property presents a fantastic investment opportunity with a yield of 8% and is offered for sale with full, tenanted occupancy. The property is comprised of 7 residential flats (1 Basement, 2 on ground/first/second floors), all flats are currently let (£375-425 each). Total monthly rent = £2,800 or £33,600 / year.

Flat 1 (Basement) is accessed at the rear of the property via a private entrance, with Flats 2-7 accessed via the front door, communal hallway, and stairwell.

Each flat is part-furnished and offers compact living accommodation with a combined Kitchen/Lounge, Bedroom and Bathroom including shower/toilet/washbasin. All flats have separate meters for electricity, gas, and water. Flats 2-7 have an intercom and remote door unlocking for the main front door of the property.

There are small yards at both the front and rear of the property.

The property underwent significant refurbishment in 2005/6 and has been well maintained subsequently.

Assured shorthold tenancies are in place - 6 months initially, then statutory periodic tenancy with 1-month notice.

Flat 1 - tenant since 22/03/2020
Flat 2 - tenant since 02/11/2020
Flat 3 - tenant since 18/03/2014
Flat 4 - tenant since 03/11/2014
Flat 5 - tenant since 21/06/2018
Flat 6 - tenant since 07/11/2018
Flat 7 - tenant since 04/06/2008

The property is offered for sale due to the current owners wish to retire...

  • 7+ Bedroom(s)
  • 6+ Bathroom(s)
  • 6+ Living Room(s)

Address: 23 Castle Street , Kendal, LA9 7AD.

Offers in the region of: £420,000

For more details and to book an appointment,  Call our dedicated sales team now.

Disclaimer : 99home.co.uk is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate

Property Floorplans

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EPC Graphs

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Key Features

Property Details

Property Type: Semi-detached

Bedroom(s): 7+

Bathroom(s): 6+

Living Room(s): 6+

Address: 23 Castle Street , Kendal, LA9 7AD

Features

Chain Free

Investment Opportunity

Close to Train station

Double Glazed

Freehold

Full occupancy

8% Yield

Parking

N/A

Outside Space

Communal Garden

Enclosed Garden

Heating

Gas Central Heating


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