King Street, Oswestry

£275,000

Guide price

  • Bedrooms: 8
A rare opportunity to purchase an investment property comprising of 5 one & two bedroom flats (3 x two bed flats and 2 x one bed flats) situated within a centrally located building in the popular town of Oswestry. The current potential rent roll totals circa £19,440 per annum and the property has always achieved high levels of occupancy.

General Remarks

Bowen Son and Watson with Kent Jones are delighted with instructions to offer 7-11 King Street in Oswestry for sale by private treaty. This centrally located block of five flats is an ideal investment with all currently being let. The rents currently paid by each apartment are as follows. 7a King Street - £365.00 pcm, 7b King Street - £295.00 pcm, 7c King Street - £300.00 pcm, 9 King Street - £365.00 pcm and 11 King Street - £295.00 pcm.

Location

7-11 King Street is located close to the centre of the market town of Oswestry. The town centre is close at hand and contains a host of shops, schools and other amenities. Easy access onto the A5/A483 provides direct links to the larger towns of Shrewsbury, Wrexham and the city of Chester. The town has an excellent bus service whilst the nearby train station at Gobowen provides services to Birmingham and Manchester.

Accommodation

Each apartment's accommodation is briefly described below.

7a King Street

The apartment is located on the ground floor and accessed via a doorway from the communal entrance hall. The accommodation briefly comprises: Hall, Lounge/Kitchen (5.40m x 3.40m), Bedroom One (3.51m x 2.99m), Bedroom Two (2.95m x 2.91m) and Bathroom (2.65m x 1.90m). The accommodation is warmed by electric storage heaters.

7b King Street

This apartment is accessed via a door from the communal entrance hall and has accommodation over the first and second floors which briefly comprises: First Floor - Hall, Lounge (3.89m x 3.84m), Kitchen (2.75m x 2.19m) and Bathroom 3.79m x 1.72m). Second Floor - Bedroom (4.17m x 3.98m). The accommodation is warmed by electric storage heaters.

7c King Street

This apartment is accessed via a door from the communal entrance hall and has accommodation over the first and second floors which briefly comprises: First Floor - Hall, Kitchen/Diner (5.71m x 2.57m), Lounge (4.58m x 3.16m). Second Floor - Bedroom (4.2m x 3.63m) and Bathroom (2.27m x 2.58m). The accommodation is warmed by electric storage heaters.

9 King Street

This apartment is located on the ground floor with its own private entrance door and has accommodation briefly comprising: Hall, Lounge/Kitchen (4.55m x 4.83m), Bedroom One (3.0m x 2.66m), Bedroom Two (2.97m x 2.17m) and Bathroom (1.82m x 2.40m). The accommodation is warmed by electric storage heaters.

11 King Street

11 King Street has its own front entrance door and accommodation briefly comprising: Ground Floor - Hall and Lounge (4.19m x 4.71m). First floor - Kitchen/Diner (5.59m x 3.86m), Bedroom One (4.52m x 2.47m), Bedroom Two (3.36m x 2.18m) and Bathroom. The accommodation is warmed by electric storage heaters.

EPC Ratings

7a King Street EPC Rating Band - E (51). 7b King Street EPC Rating Band - E (41). 7c King Street EPC Rating Band - D (64). 9 King Street EPC Rating Band - E (50). 11 King Street EPC Rating Band - F (33).

Tenure

We are informed that the property is Freehold. All of the tenancies are Assured Shorthold Tenancies. For further details please contact the Selling Agents.

Council Tax Bands

All five flats are Council Tax Band - 'A'.

Local Authority

Shropshire Council, The Shirehall, Abbey Foregate, Shrewsbury, Shropshire. Tel: 0345 6789000.

Directions

The property is located centrally within Oswestry. Follow the B5069 Gobowen Road into the town and after passing Aldi Stores and the Railway Museum turn right onto King Street where the property will be found on the left hand side.

Arrange viewing 01691 652367

Bowen Son & Watson - Oswestry

35 Bailey Street, Oswestry, SY11 1PX

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