Block of flats for sale

High Street, Tring HP23

Rare residential investment opportunity – four self-contained apartments – tring, hertfordshire
Description


A rare opportunity to acquire an established residential investment comprising four self-contained apartments, ideally positioned within the highly desirable market town of Tring, Hertfordshire. Generating a combined gross rental income of £51,600 per annum, this attractive investment offers an excellent opportunity for both established portfolio landlords and investors seeking a substantial residential asset.

The property is held on a 125-year lease, which commenced approximately 10 years ago, leaving approximately 115 years unexpired, subject to legal verification.

The building comprises four individual residential apartments, offering investors the benefit of multiple rental income streams within a single investment. With a combined monthly rental income of £4,300, the property represents an appealing opportunity to acquire an income-producing asset within one of Hertfordshire's most sought-after market towns.

Conveniently situated within Tring, the property benefits from the town's enduring residential appeal, attractive historic surroundings and excellent transport connections. The area's popularity with professionals, commuters and local residents contributes to its established rental market.

The sale of the building as a whole provides purchasers with the advantages of consolidated ownership and management, alongside the potential for longer-term capital appreciation, subject to prevailing market conditions.
Rental income


The current rental income is detailed below:

Flat 1: £1,000 pcm – £12,000 pa

flat 2: £1,050 pcm – £12,600 pa

flat 3: £1,050 pcm – £12,600 pa

flat 4: £1,200 pcm – £14,400 pa

total monthly rental income: £4,300

total annual gross rental income: £51,600

The rental figures are gross amounts before any associated management fees, maintenance costs, insurance, ground rent, service charges or other expenditure.

Location

The historic market town of Tring is situated on the edge of the Chiltern Hills, surrounded by some of Hertfordshire's most picturesque countryside.

Tring's thriving High Street offers an excellent selection of independent shops, cafés, restaurants and traditional public houses, alongside a range of everyday amenities.

For commuters, Tring railway station provides direct services into London Euston, whilst the nearby A41 offers convenient access to the M25 motorway and surrounding commercial centres, including Berkhamsted, Hemel Hempstead and Aylesbury.

The combination of an attractive market town setting, excellent transport connectivity and access to beautiful countryside makes Tring a consistently desirable location for residential accommodation.
Tenure


Leasehold – Originally granted for a term of 125 years, commencing approximately 10 years ago, with approximately 115 years remaining. Exact lease terms are subject to verification by purchasers' solicitors.

Further information regarding the individual apartments, tenancy arrangements and financial particulars is available upon request.