A & B (2 Bed & 1 Bed Apts), 58 Tates Avenue, Belfast BT9 7BY
3 Bed Apartments For Sale
Guide price £249,950
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Telephone:
028 9693 1931View Online:
www.kingston-berkeley.com/1107882Key Information
| Address | A & B (2 Bed & 1 Bed Apts), 58 Tates Avenue, Belfast |
|---|---|
| Style | Apartments |
| Status | Under offer |
| Price | Guide price £249,950 |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Receptions | 2 |
Features
- Two self-contained apartments
- Ground-floor one-bedroom apartment
- Two-bedroom duplex apartment arranged over the first and second floors
- Flat 1 currently producing £680 per calendar month
- Long-term tenant currently in occupation
- Potential Flat 1 rental income of £750–£800 per calendar month following modernisation
- Flat 2 currently vacant and benefiting from refurbishment works completed in recent years
- Potential Flat 2 rental income of approximately £1,200 per calendar month
- Gas-fired central heating systems installed to both apartments in recent years
- External fire-escape staircase serving Flat 2
- Chain-free sale
- Comprehensive legal pack readily available
- Convenient South Belfast location
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, providing purchasers with the flexibility to occupy or relet the apartment. 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 Apartment
Flat 1 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 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
Flat 2 occupies the first and second floors and comprises:
Generously proportioned living accommodation
Separate fitted kitchen
Two bedrooms
Bathroom suite
The apartment is currently vacant, offering purchasers the flexibility of occupation by an owner-occupier or reletting.
Flat 2 has benefited from a range of improvements in recent years, including:
Modern fitted kitchen with appliances
Modern bathroom suite
Gas-fired central heating system
Replacement 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 leading 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.
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Kingston Berkeley
028 9693 1931
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