- £44,000 P/A Gross Income
- Four two-bedroom apartments
- First & second floor accommodation
- Two flats with private garages
- Two flats with covered car ports
- Spacious 16ft living rooms
- Juliet balconies to all flats
- Viessmann gas boilers installed
- No onward chain
An excellent opportunity to acquire a block of four well-presented two-bedroom apartments, arranged across the first and second floors of a well-maintained residential building, conveniently located close to Bridgwater town centre and key commuter links. Offered for sale with no onward chain, this is a versatile purchase suitable for owner-occupiers, multi-unit buyers, or investors.
The four flats comprise Flats 137 and 138 on the first floor and Flats 139 and 140 on the second floor. All are accessed via a clean and well-kept communal stairway with intercom entry system. Each apartment benefits from uPVC double glazing, a spacious 16ft living room with patio doors opening to a Juliet balcony, a good-sized fitted kitchen, two double bedrooms, and a bathroom with mains shower.
A key feature of the property is the allocated parking provision, with Flats 137 and 138 each benefiting from private locking garages, while Flats 139 and 140 are allocated covered car ports. Communal grounds, bin stores, and recycling areas are all professionally maintained through the service charge.
All four flats are currently let to long-term tenants, each achieving a monthly rental income of £925 per flat, generating a combined gross income of £3,700 per calendar month. This equates to a gross annual income of £44,400, offering an attractive and stable return.
All four flats have recently been upgraded with high-quality Viessmann 050 gas boilers, complete with MagnaClean magnetic filters, offering efficient and reliable heating. The apartments are leasehold with a 125-year lease from 2005, an annual service charge of £1,440 per flat (including insurance), and ground rent of £300 per flat per year.
The location provides excellent access to local amenities, Bridgwater town centre, Hinkley Point, Taunton, and wider transport networks, making these apartments appealing for both residential and rental demand.
COMMUNAL ENTRANCE
Can be accessed via the front or back entrance. Intercom access.
COMMUNIAL STAIRWAY
Maintained to a high standard providing a welcoming entrance. Stairs rising to first and second floors. Door into;
HALLWAY
Intercom. Doors leading to all rooms.
LIVING ROOM - 16'3" (4.95m) x 11'5" (3.48m)
Front aspect double glazed uPVC window and front aspect double glazed uPVC patio doors to Juliet balcony. Carpet. Radiators. TV point. Smooth ceiling. Central light.
KITCHEN - 11'5" (3.48m) x 6'7" (2.01m)
Front aspect double glazed uPVC window. Laminate flooring and worktops. Eye and base level units. One and a half bowl stainless steel sink. Four ring gas hob with electric oven below and extractor above. Space and plumbing for all white goods.
BEDROOM ONE - 11'2" (3.4m) x 10'9" (3.28m)
Rear aspect double glazed uPVC window. Carpet. Radiator. Smooth ceiling. Central light.
BEDROOM TWO - 10'5" (3.18m) x 7'5" (2.26m)
Front aspect double glazed uPVC window. Carpet. Radiator. Smooth ceiling. Central light.
BATHROOM - 8'9" (2.67m) x 5'9" (1.75m)
Rear aspect obscure double glazed uPVC window. Laminate flooring. Comprising of W.C., wash hand basin and panel bath with mains shower above. Radiator. Extractor fan. Smooth ceiling. Central light.
CAR PORTS & GARAGES
Flat 137: one garage
Flat 138: one garage
Flat 139: one car port
Flat 140: one car port
AGENTS NOTE
The following information applies to each flat:
Lease length: 125 year lease, from 2005. Service charge: £1,440 per year, which covers insurance. Ground rent: £300 per year. Saxons Estate Agents run the block management.
Grounds are fully maintained through annual service charge.
The flats are serviced with multiple bin stores and recycling areas.
DIRECTIONS
The postcode for the property is TA6 3PP. If you require further information, please call the office on 01934 624400.
MONEY LAUNDERING REGULATIONS 2017
Intending purchasers will be asked to produce identification, proof of address and proof of financial status when an offer is received. We would ask for your cooperation in order that there will be no delay in agreeing the sale.
AGENTS DISCLOSURE
Saxons have not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. Saxons have not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.
Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation.
Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
Council Tax
North Somerset Council, Band A
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
