Heath Villas Queens Pl Apartment Building £750,000 7.60% Net Initial Yield Ascot SL5 7JB

• A three-storey building configured as three self-contained residential flats (one per floor).
• The property is centrally located in Ascot, adjacent to the High Street, approximately a 5 minute walk from Ascot Racecourse and an 8 minute walk from Ascot Train Station.
• The accommodation comprises 2 x two bedroom & 1 x three bedroom units.
• Total Net Saleable Area (NSA) is circa 2,059 sqft (191.29 sqm).
• All flats have recently been converted, and are finished to a high specification throughout.
• Each unit is let on a separate Assured Shorthold Tenancy (AST) to private and professional tenants.
• The total passing rent is £57,000 per annum.
• The freehold interest is offered for sale subject to the three existing ASTs.
• NB. The freehold interest in the neighbouring building (8a Heath Villas) is also included in this sale. However, this offers little additional value, given there is a single long lease granted over whole (with an unexpired term of 886 years, and at a ground rent of £100 pa).