A freehold building currently configured as apartments located within close proximity to the city centre, currently fully let for an annual income of £39,540 representing a gross initial yield of 11.6%. All in a good condition throughout, this block of four self contained flats presents an excellent investment opportunity.
Access via the communal hallway, each flat comprises of an open-plan kitchen/ living area, shower room and one double bedroom, all apartments are in a good condition throughout, offering a turn key investment. The property appears to be of brick contraction and has been rendered, with UPVC windows throughout, with a slate roof.
Situated on a residential street in Riverside, a short walk from a range of amenities, bus routes and the city centre, this is a prime location for rentals. The rental figures include gas and water which is paid by the landlord (electricity and council tax settled by the tenants directly) so the likely initial yield after bills is likely to be closer to 11%.
To confirm details of the tenancies & for further details, please refer to the legal pack when available.
GF - Communal hall, 2x one bedroom flats comprising of open plan kitchen/ living area, one bedroom and shower room.
FF - One bedroom flat comprising of open plan kitchen/ living area, bedroom and shower room.
SF - One bedroom flat comprising of open plan kitchen/ living area, bedroom and shower room.
Informed Freehold – please refer to legal pack for verification of tenure
Flat A - £790 PCM
Flat B - £885 PCM
Flat C - £800 PCM
Flat D - £820 PCM
Viewing by appointment with Seel Auctions – www.seelauctions.co.uk
Buyer's Premium - 1.50% with a minimum of £1,500 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Auctioneers Office, Seel Auctions (029) 2037 0117
FOR SALE BY PUBLIC AUCTION on Tuesday, 7 July 2026 online via the Seel Auctions website. Bidding will commence from midday on Monday, 6 July and conclude in order from Lot 1 at 4:00 pm on Tuesday, 7 July 2026
We've partnered with Watts Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
Apply for Finance* 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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