Block of flats for sale

Dorchester Road, Weymouth DT4

Description

Presenting a rare investment opportunity, this unbroken freehold block of 5 apartments and 2 Commercial units is now available for sale. Situated in a popular Weymouth location, this property boasts tremendous potential for investors.

Comprising a mix of apartment types, the block includes one well presented 1 bedroom apartment and two 2 bedroom apartment on the first floor and a further two spacious 2 bedroom apartments on the third floor. The ground floor of the property is split in to two commercial units, the smaller of which i subject to a planning application for a residential conversion and the other is currently occupied by a well established national business.

All rental figures are available to view on request. 2023/2024 income was recorded at £66,276 giving the property an attractive potential yield of 7.6%.

The accommodation comprises:

On the Ground Floor ( 1,679 sq ft )

Fronting Dorchester Road a Retail unit comprising some 923 sq ft (86 sq m) including a WC. Let to Sue Ryder on a fr&I lease at a rental of £12,000pa

Behind this fronting the side of the block is a smaller unit of 324 sq ft (30 sq m) with a WC across a passageway currently trading as a hairdresser producing £6,000pa from a Tenant holding over on an expired lease.

On the First Floor ( 1,883 sq ft )

Flat 1

Landing
Living Room
Small Kitchen
Shower Room/WC
Bedroom

Producing £6,660pa on a AST

Flat 2

Landing
Open Plan Lounge/Kitchen
2 Bedrooms
Shower Room/WC

Producing £9,432pa on a AST

Flat 5

Landing
2 Bedrooms
Shower Room
Separate WC
Open Plan Lounge/Diner/Kitchen

Producing £11,052pa on a AST

On the Second Floor ( 1,205 sq ft )

Flat 3

Landing
2 Bedrooms
Open Plan Lounge/Kitchen
Shower Room/WC

Producing £9,708pa on a AST

Flat 4

Landing
2 Bedrooms
Shower Room/WC
Open Plan Lounge/Kitchen

Producing £11,424pa on a AST

All apartments have Gas fired central heating to radiators are well insulated and have smoke alarms fitted. They were all found to be in reasonable decorative order with no obvious major issues.

For more details and information please contact the agent

Floorplans to follow

EPC's Available on Request:

Occupied Commercial Unit : C
Flat 1 : D
Flat 2 : E
Flat 3 : E
Flat 4 : D
Flat 5 : E