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Residential Investment Opportunity, Flats 20a - 20m Hawksway, Eckington, Sheffield, S21 4HP

258 to 355 Sq Ft / Other / Investment

For Sale - £700,000.00

Under Offer - Last updated: 18 February 2021

This property was constructed 30 - 35 years ago as a purpose built building containing 12, one bedroom flats. The property has the benefit of 12 dedicated car parking spaces, together with circulation space and lawns. The flats re let fairly readily.

The property has 10.5 inch cavity brick and blockwork walls, under a pitched timber framed roof surfaced with concrete pantiles with solid floors.

Each flat consists of an open plan living / kitchen area with fitted units, a single or double bedroom for the 4 larger flats, with small separate store cupboard and separate shower unit with WC and wash basin.

In recent years the property has been upgraded with PVC windows. Heating to the flats is by individual electric space heaters.

Location

The property is located in the town of Eckington lying 7 miles north east of Chesterfield and 8.5 miles south east of Sheffield. Junction 28 of the M1 Motorway lies 7 miles to the east.

The property benefits from local amenities with there being a Coop Supermarket and Eckington School close by, together with a good bus services connecting to the surrounding areas.

The property is situated on the edge of the countryside within an established residential housing estate constructed a number of years ago.

The property is conveniently located for commuting into Chesterfield (15 minutes) and Sheffield (20 minutes) during peak times. Crystal Peaks Shopping Centre lies a few miles to the south.

Accommodation

The area of the flats varies between 24m² (258.34ft²) and 33m² (355.22ft²) for the 4 larger flats.

A detailed schedule of tenancies and ASTs is available upon request.

Terms

EPC & AST - Copies of the EPCs and ASTs are available upon request.

VAT and Costs - Each side are to be responsible for their own costs. VAT is not payable.

Outgoings / Maintenance - This property is of modern construction and has minimal outgoings in terms of maintenance. Each flat is separately metered. In recent years some of the flats have been upgraded. Full details of the outgoings are available upon request.

Rents - The 8 small flats are let at £375 pcm and the 4 larger flats are £420 pcm.

Price - Offers are invited at:- £700,000 (Seven Hundred Thousand Pounds) to show an initial yield of 8% before costs. The current rent is £56,160.

Tenure - Freehold

Specification

  • Modern purpose built block of 12 flats
  • 12, one bedroom apartments
  • 12 car parking spaces and circulation space
  • Currently fully let and income producing
  • Offers invited at £700,000 to show 8% before costs

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers Invited For Sale Freehold £700,000.00 NA

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Contact agents

Noel Roper

FHP Property Consultants

0115 882 1132



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