Summary - GROUND FLOOR, 31, ROCK ROAD TQ2 5SR
9 bed 5 bath Block of Apartments
**Standout Features:**
- Freehold block of five apartments
- Generates approximately £4,000 rental income per month
- High ceilings and classic Georgian architectural details
- Convenient town center location, close to seafront
- Includes 2 x 1-bedroom, 2 x 2-bedroom, and 1 x 3-bedroom units
- Chain-free sale
**Potential Downsides:**
- Currently under scaffolding for maintenance
- The area has a high crime rate and is considered very deprived
Discover a lucrative investment opportunity with this freehold block of five spacious apartments in a prime town center location, just moments from the seafront. Currently generating a remarkable monthly rental income of approximately £4,000, this property features an ideal mix of 2 one-bedroom, 2 two-bedroom, and 1 three-bedroom apartments, all housing their own entrances. Characterful Georgian architecture and high ceilings provide each unit with charm, while modern bathrooms ensure a comfortable living experience.
This property is particularly attractive for investors seeking a high-yielding asset with minimal ongoing management, as there are no onward chains to navigate. However, it is worth noting that the building is undergoing scaffolding for maintenance purposes and is located in an area noted for high crime and deprivation. With the surrounding amenities and good schooling options including highly-rated grammar schools nearby, this block presents the dual benefit of rental potential and the opportunity to provide homes in a vibrant, albeit challenging, community. Don't miss out on this unique chance to invest in a promising rental portfolio!
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