Baxter Gate, Loughborough, Leicestershire, LE11

39�40 Baxter Gate in Loughborough offers a freehold investment comprising nine self-contained flats, all sold with tenants in situ. Completed around three years ago, the property underwent a full structural and cosmetic refurbishment, including new kitchens and bathrooms throughout. The development generates a current annual rental income of �84,187.20, reflecting a net initial yield of 7.02% based on a guide price of �1,200,000. Property Description: Originally a traditional brick commercial building beneath a pitched tiled roof, the block extends over lower ground, ground, first and second floors, with single-storey flat-roofed extensions to the rear. A concrete-surfaced yard incorporates artificial lawn accents under a metal and PVC canopy. Entry to most flats is via the rear elevation, while Flats 3 and 4 benefit from additional front-door access; Flat 5 is accessed through the ground floor store. Accommodation: Flat 1 (Lower Ground Floor) Studio flat of 27.83 m� featuring an open-plan kitchen/bedroom and a shower room. Flat 2 (Lower Ground Floor) One-bedroom flat of 60.33 m� comprising a kitchen, living room, double bedroom and a shower room. Flat 3 (Ground Floor) One-bedroom flat of 42.71 m� with a kitchen, living room, bedroom, utility room and a bathroom. Flat 4 (Ground Floor) One-bedroom flat of 28.10 m� offering an open-plan kitchen/living room, bedroom and shower room. Flat 5 (Ground Floor) One-bedroom flat of 32.37 m� comprising a kitchen, living room, bedroom and shower room. Flat 6 (First Floor) One-bedroom flat of 28.42 m� with kitchen, living room, bedroom and shower room. Flat 7 (First Floor) One-bedroom flat of 32.32 m� featuring kitchen, living room, bedroom and shower room. Flat 8 (First Floor) One-bedroom flat of 44.15 m� (including store room) offering kitchen, living room, bedroom and shower room. Flat 9 (Second Floor) Two-bedroom flat of 50.42 m� comprising kitchen, living room, two bedrooms and shower room. Landlord�s Store (Ground Floor) Separate store room of 44.45 m�, currently providing secure access to Flat 5 and additional storage. Total Habitable Accommodation: approximately 4,208 ft� (390.65 m�). Tenancy & Income: All nine flats are let under assured shorthold tenancies, producing a combined annual rent of �84,187.20. The secure income stream delivers a 7.02% yield at the guide price, offering immediate cash flow with minimal further capital expenditure. Safety & Compliance: A full fire-alarm and emergency lighting system is installed and under service contract. Each flat is accompanied by up-to-date Electrical Installation Condition Reports (EICRs), Energy Performance Certificates (EPCs), Portable Appliance Testing (PAT) records, Fire Risk Assessments (FRAs), emergency lighting reports, fire alarm service reports and a selective licence from Charnwood Council. Location: Located on Baxter Gate in the heart of Loughborough town centre, the property is within easy walking distance of shops, caf�s, restaurants, and leisure facilities. Loughborough railway station is approximately 0.3 miles away, with regular bus services nearby. Loughborough University and major employers are also readily accessible, ensuring strong tenant demand. Flat 1 EPC: C Flat 2 EPC: C Flat 3 EPC: D Flat 4 EPC: D Flat 5 EPC: D Flat 6 EPC: C Flat 7 EPC: C Flat 8 EPC: C Flat 9 EPC: C Structual Drawings were all the proposed plans. Viewings: Viewings are by appointment. To arrange an inspection of the flats please contact our team at your earliest convenience.