Additional Information

Connolly Longhurst Estate Agents are pleased to bring to the market this fantastic investment opportunity. Located on Magdala Street, the property is located within University Area of South Belfast, close to Queens University and the amenities of nearby Botanic Avenue and Ormeau Road. 

This mid-terrace has been converted to three self-contained apartments comprising a one-bedroom apartment on the ground floor, a 2-bedroom apartment on the first floor and a 2-bedroom apartment on the second floor. 

This property represents an attractive investment opportunity and is currently fully let and delivering an annual rental income of £16,800 (£1400 per month). The apartments could benefit from some cosmetic improvements and modernisation which could increase the annual rental income to £20,400 (£1700 per month)

The property is also HMO registered and compliant 

• Cash buyers only
• Substantial Mid-terrace property
• Great investment opportunity
• Comprises of 1 x 1 bedroom apartments and 2 x 2 bedroom apartments
• Area of high rental demand
• Gas-fired central heating
• Double-glazed windows
• HMO Registered
• Rental income in the region of £16,800 per annum

Accommodation

Entrance Hall: 25ft x 3.87ft (7.62m x 1.18m)

Ground Floor Apartment

Living Room: 14.59ft x 11.7ft (4.45m x 3.57m)

Kitchen: 10.66ft x 7.77ft (3.02m x 2.37m)

Bedroom: 13.77ft x 12.4ft (4.2m x 3.78m)

Bathroom: 6.33ft x 5.44ft (1.93m x 1.66m)

First Floor Apartment

Living Room: 12.5ft x 8.85ft (3.81m x 2.7m)

Kitchen: 9.97ft x 7.8ft (3.04m x 2.38m)

Bedroom 1: 12.5ft x 8.89ft (3.81m x 2.71m)

Bedroom 2: 11.84ft x 8.69ft (3.61m x 2.65m)

Bathroom: 6.36ft x 5.64ft (1.94m x 1.72m)

Second Floor Apartment

Living Area: 11.77ft x 12.1ft (3.59m x 3.69m)

Bedroom 1: 12.79ft x 7.31ft (3.79m x 2.23m)

Bedroom 2: 9.51ft x 10.43ft (2.9m x 3.18m)

Bathroom: 7.97ft x 3.11ft (2.43m x 0.95m)

Please note that we have not tested the services or systems in this property. Purchasers should make/commission their own inspections if they feel it is necessary.

Thinking of selling your home? Connolly Longhurst Estate Agents are offering all new vendors the chance to sell their home with no upfront costs. We'll offer a Free no-obligation valuation, Free Registration, Free Marketing and a Free EPC. Contact us for more information or to arrange a valuation.