A & B (2 Bed & 1 Bed Apts), 58 Tates Avenue

Additional Information

Flat 1 & Flat 2, 58 Tates Avenue, Belfast

Kingston Berkeley is delighted to present this attractive investment opportunity comprising two self-contained apartments within a well-located property on Tates Avenue, Belfast.

The property offers an appealing combination of immediate rental income and further letting potential. Flat 1 is currently occupied by a long-term tenant, while Flat 2 is vacant and ready for immediate occupation or reletting. The property is offered chain-free, with a comprehensive legal pack readily available to help facilitate a smooth and efficient sale.

Flat 1 – Ground-Floor One-Bedroom Apartmen, occupies the ground floor and comprises:

Lounge, Separate fitted kitchen, Double bedroom, Bathroom suite

The apartment is currently occupied by a long-term tenant paying £680 per calendar month, providing an immediate annual rental income of £8,160.

In recent years, the apartment has benefited from the installation of a new damp-proof course and a new gas-fired central heating system. With some further modernisation, it is anticipated that Flat 1 could achieve a rental income in the region of £750–£800 per calendar month in the current market.

Flat 2 – Two-Bedroom Duplex Apartment, occupies the first and second floors and comprises two bedrooms with generously proportioned living accommodation, separate kitchen and bathroom.

The apartment is currently vacant and is therefore suitable for immediate occupation by an owner-occupier or for reletting without delay.

Flat 2 has undergone an extensive internal refurbishment in recent years, including:

New modern fitted kitchen with appliances

New bathroom suite

New gas-fired central heating system

New floor coverings throughout

Full internal redecoration

Based on current market conditions, Flat 2 could potentially achieve a rental income in the region of £1,200 per calendar month.

A metal external staircase provides Flat 2 with an alternative fire-escape route into the communal rear yard. The property also benefits from an interlinked fire-alarm system, with the main control panel located within the communal entrance hall.

The apartments are presently configured for conventional self-contained residential occupation and do not currently require an HMO licence based on their existing use and occupancy. Prospective purchasers should obtain independent confirmation regarding any proposed future letting arrangements.

Rental figures are estimates based on current market conditions and are provided for guidance only.