Scarthin, Cromford

A rare opportunity to acquire three apartments being sold together as an investment portfolio, all with sitting tenants and currently producing a combined rental income of £1,675 per calendar month (£20,100 per annum). Offered for sale with no upward chain, the property is situated in the historic and popular village of Cromford, within walking distance of local amenities including the village shop, post office, pub and Scarthin Books. The sale is particularly suited to a property investor looking to acquire an established portfolio with tenants already in occupation.

Flat 1A is a two-bedroom ground-floor apartment, currently achieving £550 pcm. Accessed directly from Scarthin through a wooden entrance door, the accommodation comprises a sitting room, dining kitchen, bathroom, store room and two bedrooms. To the side of the building is a separate entrance into a communal stairway providing access to the upper apartments, together with a communal outside terrace/storage area.

Flat 2B is a first-floor apartment, currently achieving £650 pcm, with accommodation including a living/dining kitchen, bathroom and bedroom accommodation. Flat 3C occupies the second floor and is currently achieving £475 pcm. Accessed from the communal stairway, a private staircase leads to the second-floor accommodation, which comprises a living/dining kitchen, bathroom and two bedrooms. Together, the three apartments provide an established income-producing investment in a well-known Derbyshire village location, with the benefit of existing tenancies and no onward chain.

Tenure: Freehold (purchasers are advised to satisfy themselves as to the tenure via their legal representative).
Please note: It is quite common for some properties to have a Ring doorbell and internal recording devices.
Property construction: Standard
Parking: On-street
Electricity supply: Mains
Water supply: Mains
Sewerage: Mains
Heating: Mains gas
(Purchasers are advised to satisfy themselves as to their suitability).
Broadband type: FTTC
See Ofcom link for speed: https://checker.ofcom.org.uk/
Mobile signal/coverage: See Ofcom link https://checker.ofcom.org.uk/
Local Authority/Tax Band: Derbyshire Dales District Council / Tax Band A
Useful Websites: www.gov.uk/government/organisations/environment-agency
Our Ref: JGA/01092026
The property information provided by John German Estate Agents Ltd is based on enquiries made of the vendor and from information available in the public domain. If there is any point on which you require further clarification, please contact the office and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property. Please note if your enquiry is of a legal or structural nature, we advise you to seek advice from a qualified professional in their relevant field.
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