5 bed flat

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5 bed flat

Main Street, Egremont CA22
£135,000

Price History

Initial price £140,000
10/07/24 £135,000
Price Change -3.57%

Description

This pair of fully furnished town centre flats is being sold as a single investment opportunity, delivering a 21% gross yield. The flats, located in the town centre, are rented on ASTs and generate £2,500 per month, with no need for costly renovations or improvements. The smaller flat, 18a, has two bedrooms and a modern kitchen and bathroom, while the larger flat, 18b, has three bedrooms and similar amenities. The current owners include utilities in the rent, and the flats are fully self-contained with separate meters. With 197 years remaining on the lease and no fees to pay, this is a unique investment opportunity that is expected to be popular. The location is convenient for Sellafield workers and offers short-term holiday let options, making it an attractive investment for those looking for a steady income stream.