Ready-income flat with long-term tenant and strong gross yield.
- One bedroom apartment in converted historic warehouse
A one-bedroom apartment in a converted historic warehouse on Dock Road, presented as a ready buy-to-let with a long-term tenant in situ. The current tenancy generates £7,800 gross per year against a guide price of £84,000, producing a strong gross yield of about 9.3% (based on supplied figures).
The apartment occupies a generous 721 sq ft and benefits from period-industrial features and modern finishes inside — wood flooring, recessed lighting and a bright bay window — although the internal space needs basic tidying. Shared private parking is available; there is no garden. The property is leasehold and a Buyer’s Premium will apply to secure the purchase.
This is primarily an investment opportunity for portfolio buyers or developers: the flat is occupied by long-standing, reliable tenants and is marketed with a Let Property Pack detailing rental performance. Practical positives include excellent mobile reception and fast broadband, helpful for assured letting. Material negatives to note are the location’s high area deprivation and above-average crime statistics, which may affect tenant profile and long-term capital growth.
Serious investors should review the Let Property Pack and tenancy pack for full details. The flat suits buyers seeking immediate rental income and renovation potential rather than an owner-occupier looking for gardened suburban living.