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Stanford House and Terrace Lodge, King Street, Dawley, Telford, Shropshire, TF4 2AA
Guide Price* : £950,000
High Yielding Residential Investment
- Fully let residential investment
- Total rent of £93,209 per annum
- Offered at a significant discount to Vacant Possession Values
- Guide Price of £950,000 reflects a high gross yield of 9.8%
Description
The property comprises two residential buildings with a total of seventeen flats (12 x one bed, 4 x two bed and 1 x three bed).
The accommodation is arranged across ground and first floors with access from both King Street and the car park to the rear. There are two internal courtyards providing outdoor amenity space for residents.
The flats are generally in good condition and are in keeping with standard sizes and specifications for the area. We consider the flats to be let at Market Rent.
Location
The property is located in Dawley, a popular, predominantly residential, suburb of Telford.
Situated to the south of the junciton of King Street and Captain web Drive, the property occupies a large 0.2 acre site with access on both east and west sides.
The property is approximately two minutes walking distance from Dawley High Street, which has a variety of retail and leisure amenities. Telford Town Centre is approximately 1.6 miles to the north.
Tenure
Freehold
Tenancy
The property is let on 17 separate Assured Shorthold Tenancy (AST) agreements producing a total rent of £93,209 per annum. Please see the tenancy schedule under "Related Documents" and the legal pack for more information.
VAT
Refer to the legal documentation
Contact
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Related Documents
Agreement Documents
Additional Documents
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton April 2025
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