Salisbury

£535,000

Guide price

  • Bedrooms: 6
Offered for sale as a Freehold Investment, 31 Bedwin Street is a Grade II Listed former town house which has been divided into three separate, individual apartments. The location of the property is shown on the plan (see brochure) shaded green. A pedestrian footpath (narrow strip shaded brown) leads from the walled garden of the ground floor flat through the hatched area to a private car parking space coloured red. Vehicle access to the car parking space is off Belle Vue Road.

On the ground floor there is a sizeable, two bedroom, garden flat with generous accommodation and a superb walled garden.

Located on the first floor is a one bedroom flat with a large ensuite bedroom and living room with feature bay window. There is a

one bedroom attic flat located on the top floor with excellent views from both the front and rear of the building.

All three flats are individually metered and connected to all mains services. Central heating is via a mains gas fired boiler to radiators. The council tax band for each individual apartment is Band B - £1,513.56 for year 2019/20.

The parking space is located off Belle Vue Road and accessed via the wide strip, coloured brown. The parking space may be purchased separately for the sum of £25,000 and is offered for sale with the residue of a 996 year Lease dated 1 May 2017 until 31 December 3031.

The ground floor flat is currently vacant and in need of attention. The passing rent is expected to be £950pcm. The first floor and second floor flats are both let (Assured Shorthold Tenancy) returning a rent of £645pcm and £625pcm respectively. Based on the asking price of £535,000 the yield equates to 4.98% (£26,640 per annum). If purchased without the parking space, based on £510,000, the yield would be 5.22%.

Bedwin Street is located in the heart of the cathedral city of Salisbury, within a short walk of the many shops, supermarkets, cultural and social amenities including the arts centre, theatre and cinema, a twice-weekly market, restaurants, medical facilities, the two grammar schools and both private and state schools for all ages. The medieval cathedral, leisure centre, recreation ground and local park are nearby and the mainline rail service to London's Waterloo (journey time 90 minutes) and the West Country is within walking distance. Salisbury is well placed for access to the A30/A303/M3 to London and the West Country and Southampton and the M27 via the A36.

DIRECTIONS: From the market square (on foot) proceed down Winchester Street turning left into Brown Street. Follow the road across the junction of Chipper Lane and Salt Lane, 31 Bedwin Street is located facing you on the next junction. By car proceed into the city centre passing the market square on the right-hand side, follow the road into Winchester Street followed by the next turning left into Pennyfarthing Street. Salt Lane car park will be found on the left-hand side after the next junction. From the car park walk down Rollestone Street which leads to Bedwin Street.

Arrange viewing 01722 238130

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