Immediate income from a stable tenancy with clear rent uplift potential.
Long-term tenant in situ providing immediate income
Current gross income £14,400; potential market income £19,680
Large internal area ~883 sq ft with generous windows
Converted industrial building with modernised, characterful features
Leasehold tenure — check remaining term and service charges
Located in a deprived area with above-average local crime
Buyers Premium applies on sale — factor into costs
Fast broadband and excellent mobile signal
Set within the converted Trebor Quality Sweets building, this 1-bedroom flat offers immediate rental income and longer-term uplift potential. The apartment benefits from large windows, generous internal space (approximately 883 sq ft) and modernised, industrial-character features that appeal to renters seeking city-style living.
A long-term tenant currently occupies the property, producing a gross annual income of £14,400 with scope to increase to around £19,680 at market rent. For an investor this means immediate cashflow and a straightforward route to improve yield through rent review or management strategies. Broadband speeds are fast and mobile signal is excellent, supporting tenant demand.
Important considerations: the property is leasehold, located in a deprived area with above-average crime statistics, and a Buyers Premium will apply to the sale. These factors affect financing, insurance and management costs and should be factored into purchase calculations. There is no flood risk.
Overall this flat suits buy-to-let investors and developers seeking a ready-made income stream in a converted industrial building with strong rental upside. The current tenancy stability reduces void risk, but area-related challenges and tenure details require careful due diligence.
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