Dragon Avenue, Harrogate, HG1 5DS

Guide Price: £525,000

Description An investment opportunity comprising 6 individual apartments in one detached block, generating 7.1% gross yield based on guide price. Each unit has either gas central heating, or electric heating. The 6 units comprise a lower ground floor 1 bedroom flat, ground floor 2 bedroom flat, first floor 1 bedroom flat, first floor bedsit, second floor 1 bedroom flat and further second floor bedsit. The block has been well maintained by the current landlords and has recently benefited from a new roof and new double glazing. There is a rear fire escape in addition to the internal staircase. All currently let on AST's with a current total income of £3,115 pcm (£37,380 per annum).

Location Dragon Avenue is ideally placed opposite Asda supermarket, within comfortable walking distance of the town centre, bus, rail transport links and amenities. The location is perfectly suited for Residential Letting, with strong demand from tenants seeking convenient town centre living.

Tenure Freehold subject to the existing Assured Shorthold Tenancies.
Apt 1 - Let to 31/05/20, Rent - £695 pcm. Apt 2 - Periodic Tenancy, Rent - £450 pcm.
Apt 3 - Let to 27/11/20, Rent - £480 pcm. Apt 4 - Let to 24/04/20, Rent - £435 pcm.
Apt 5 - Periodic Tenancy, Rent - £520 pcm. Apt 6 - Let 15/09/20, Rent - £535 pcm.

Energy Performance Certificate Flat 1, 2 & 3 Grade D. Flat 4 & 5 Grade E. Flat 6 Grade C.

Services All mains services are connected to the property.

Solicitors Raworths, Eton House, 89 Station Parade, Harrogate, HG1 1HF. Tel: 01423 566666 FAO: Ann Laverty.

Our next auction is on 21 May 2020

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