Phoenix Court, 67 Blyth Road, Maltby, Rotherham, S66 7LF
The freehold building is accessed off Blyth Road (A634) within a predominantly residential area. Blyth Road is situated within Maltby, Rotherham, close to various shops including Tesco Superstore. Blyth Road has direct links to M18 motorway at Treasure Island with a number of national retail occupiers.
The property provides a detached two storey brick building with tiled roof consisting of 9 apartments, sold on 150 year terms at a current ground rent of £150 per annum. The total income currently stands at £1,350 per annum. There are various car-parking facilities and mature landscape gardens within the site.
Freehold ground rent on 150 year terms.
Investment Analysis: The total annual ground rent reflects a yield of 4.5%. There is scope to create a further apartment in the basement as this falls within the Freeholder's title.
Should you wish to discuss this opportunity in more detail then please do not hesitate to contact Jonathan Owen of our office on 0151 207 9339 or via email on Jonathan.Owen@skrealestate.co.uk.