St Michaels Lane, Bridport
£675,000

Guide price

Bedrooms: 7
Exciting and rare residential investment opportunity a large period building comprising four apartments in a prime position close to the town centre.

THE PROPERTY

A very attractive and substantial period building comprising two self contained maisonettes and two top floor apartments offering a rarely available investment opportunity in a prime position within Bridport town centre with all of the properties currently let out under a shorthold tenancy (currently attracting a combined gross income of £2,590 PCM (£31,080 per annum).

The two maisonettes and the one bedroom apartment have been recently subject to major refurbishment and improvements include new fitted kitchens with built in oven and hob, new bathrooms, rewiring, new night storage heaters, new floor coverings and redecoration. The studio apartment is still in need of refurbishment and offers potential to create a one bedroom property.

50 ST MICHAELS LANE

Maisonette arranged over two floors extending to hallway, living room, kitchen/dining room, two double bedrooms and bathroom.

50A ST MICHAELS LANE

Maisonette arranged over two floors extending to hall, two reception rooms, kitchen, three bedrooms and bathroom.

50B FLAT 1 ST MICHAELS LANE

Top floor studio apartment extending to shared entrance door, stairwell and hallway (shared with 50B Flat 2), inner hallway, living room/bedroom (potential living room/kitchen, kitchen/dining room (potential bedroom), bathroom.

50B FLAT 2 ST MICHAELS LANE

Top floor apartment extending to shared entrance door, stairwell and hallway (shared with 50B Flat 1), inner hall, kitchen, living/dining room, bedroom, shower room.

OUTSIDE

There are a number of public short stay and long stay car parks nearby (a permit is available for long stay).

TENURE

The building is freehold and subject to the existing tenancies.

SITUATION

The building enjoys a prime position within easy reach of Bridport town centre and therefore very close to a range of amenities including a Waitrose supermarket. Extensive street markets are held twice weekly and the town has an excellent range of shopping facilities including national and independent retailers, primary and secondary schools, recreational and social amenities and a popular leisure centre with a swimming pool. West Bay is only 1.5 miles to the south, forming part of the stunning Jurassic Coast World Heritage Site, and the West Dorset area as a whole is designated one of Outstanding Natural Beauty. The building is located in a Conservation Area.

SERVICES

Mains water, electricity and drainage. Night storage heating.

VIEWINGS

Viewings arranged by Stags, Bridport- 01308 428000.

DIRECTIONS

From Bridport town hall proceed along West Street and at the mini-roundabout turn left onto Tannery Road. Follow this road past the Hope and Anchor pub and the property can be found on the right hand side, opposite the public car park.

01308 301006

Stags - Bridport

29 South Street, Bridport, Dorset, DT6 3NR

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