10 bed flat for sale

Baxter Gate, Loughborough LE11

Seths Estate Agents are pleased to bring to market this exceptional investment opportunity comprising a fully let block of nine self-contained residential flats located in the heart of Loughborough town centre on Baxter Gate. Offered for sale as a freehold investment with existing tenancies in place, this is a rare and compelling proposition for seasoned investors seeking an income-generating asset from day one.

The block is currently generating a gross annual income of £84,744, with all nine flats fully occupied and a current tenancy schedule available within the online information pack. The accommodation is arranged across four floors and comprises two studio flats on the lower ground floor, six one-bedroom flats across the ground and first floors, and a two-bedroom flat on the second floor - one of which benefits from its own private external terrace. The flats are presented to a modern and refurbished standard throughout, with a total gross internal area of 3,921 sq ft (364.74 sqm). External features include a spacious rear courtyard with artificial lawn and canopy, a landlord's bin store, and a tenant bike rack.

The property is situated within the Church Gate Conservation Area and falls within a selective licensing zone. All nine flats hold valid EPCs ranging from C to D and are each rated within Council Tax Band A. Prospective purchasers are advised to verify planning and licensing details with Charnwood Borough Council.

The location is second to none for a residential investment of this nature. Baxter Gate sits at the heart of Loughborough town centre, within easy walking distance of the principal retail pitch, Market Place, and a wide range of restaurants and amenities.

Communal

The property benefits from a spacious rear courtyard finished with an artificial lawn and canopy, a dedicated bin store and a bike rack available for tenant use. Communal access is provided to all floors.

Basement

Flat 1 - Studio

This self-contained studio flat briefly comprises an open plan kitchen and bedroom area together with a shower room.

Flat 2 - One Bedroom Flat

This self-contained flat briefly comprises a kitchen, living room, one bedroom and a shower room.

Ground Floor

Flat 3 - One Bedroom Flat

This self-contained flat briefly comprises a kitchen, living room, one bedroom, utility room and a bathroom.

Flat 4 - One Bedroom Flat

This self-contained flat briefly comprises an open plan kitchen and living room, one bedroom and a shower room.

Flat 5 - One Bedroom Flat

This self-contained flat briefly comprises a kitchen, living room, one bedroom and a shower room.

First Floor

Flat 6 - One Bedroom Flat

This self-contained flat briefly comprises a kitchen, living room, one bedroom and a shower room.

Flat 7 One Bedroom

This self-contained flat briefly comprises a kitchen, living room, one bedroom and a shower room.

Flat 8 One Bedroom

This self-contained flat briefly comprises a kitchen, living room, one bedroom, store room and a shower room.

Flat 9 Two Bedrooms

This self-contained flat briefly comprises a kitchen, living room, two bedrooms and a shower room. Being situated on the second floor, this flat also benefits from an external terrace.

Freehold

Council Tax Band - A

9 flats fall under Council Tax band A. Anyone interested advised to confirm this with the local authority, Charnwood Borough Council.

Additional Information

Lower Ground Floor Flat 1 Studio Flat 27.83 m2 299 ft2
Lower Ground Floor Flat 2 1 Bedroom Flat 60.33 m2 649 ft2
Ground Floor Flat 3 1 Bedroom Flat 42.71 m2 460 ft2
Ground Floor Flat 4 1 Bedroom Flat 28.10 m2 302 ft2
First Floor Flat 5 1 Bedroom Flat 32.37 m2 348 ft2
First Floor Flat 6 1 Bedroom Flat 28.42 m2 306 ft2
First Floor Flat 7 1 Bedroom Flat 32.32 m2 348 ft2
First Floor Flat 8 1 Bedroom Flat 44.15 m2 475 ft2
Second Floor Flat 9 2 Bedroom Flat 50.42 m2 543 ft2
Total Accommodation 391.10 m2 4,208 ft2