Spacious 3-bed converted warehouse — immediate rental income and upgrade potential.
Large 1,507 sq ft three-bedroom apartment with balcony
A spacious 3-bedroom apartment in a converted warehouse on Dock Road, offering clear buy-to-let appeal for investors. The unit’s large open-plan living, high ceilings with exposed beams and a balcony give it strong tenant appeal and good rental uplift potential. On-trend industrial character and fast broadband make it easy to re-let to professionals or families seeking loft-style accommodation.
The property is sold leasehold and currently produces a gross annual income of £13,200; the vendor estimates market rent could reach around £18,000. The current long-term tenants have paid reliably but intend to vacate before completion, so the new owner can either re-let immediately or refurbish first. Parking is available and there is no recorded flood risk.
Buyers should note material considerations: the building sits in a very deprived area with above-average crime statistics, and the sale includes a Buyers’ Premium. Prospective purchasers must verify lease length, service charges and any planned building works before committing. For investors prepared to manage location-related risk, this flat offers spacious accommodation, character features and measurable rental upside.
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