OFFERS INVITED PRIOR TO AUCTION.
GUIDE PRICE:  £1,000,000
We invite immediate offers (strictly on Auction terms) for this lucrative, first-class INVESTMENT opportunity, being a MODERN BLOCK OF 7 APARTMENTS (2 x one-bedroom, 4 x two-bedroom, 1 x three-bedroom, plus garages and parking), all LET AND PRODUCING £63,660 p.a. (with scope for significant uplift), equivalent to a gross annual yield of 6%-plus.  Built around 2004, 'Zak Court' occupies a prominent corner position at the junction of Guildford Road with St Mary's Road, a convenient residential location enjoying good city access and within comfortable reach of a wide range of public amenities. The building has brick elevations under a pitched, slate roof incorporating multiple dormer windows, and features three integral garages (one in use as a cycle store), plus a rear parking compound having allocated spaces for four cars with automatic gated access. All units have secure entry, electric heating, full double-glazing, and equipped kitchen. General presentation is to a good standard. Occupancy (on Assured Shorthold Tenancy) is as follows:  
Flat 1 (2 Bedrooms) Let at £665 p.c.m.
Flat 2 (1 Bedroom)   Let at £675 p.c.m.
Flat 3 (2 Bedrooms) Let at £900 p.c.m.
Flat 4 (2 Bedrooms) Let at £740 p.c.m.
Flat 5 (1 Bedroom)   Let at £580 p.c.m.
Flat 6 (3 Bedrooms) Let at £950 p.c.m.
Flat 7 (2 Bedrooms) Let at £795 p.c.m.
TOTAL   £5,305 p.c.m.
Rarely is a Freehold block such as this presented to the open market - 7 low-maintenance units under one roof, a very healthy current income, scope for uplift to be applied, and with potential for future breakdown disposal. Full particulars are given as follows and early viewing is invited: