Investment Property
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Built in 2018 comprising a modern, purpose built, 2 story block of apartments with lift access (4 no. – 2 no. x2 bed, 2 no. x 1 bed) fronting a main arterial road.
All apartments are separately metered for gas heating and electricity.
We understand the property is fully let and will produce a gross annual income of £27,600 pa. to Year End November 2025. Domestic rates payable (non-recoverable) for the current year are approximately £1,500.
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Built in 2018 comprising a modern, purpose built, 2 story block of apartments with lift access (4 no. – 2 no. x2 bed, 2 no. x 1 bed) fronting a main arterial road. All apartments are separately metered for gas heating and electricity. We understand the property is fully let and will produce a gross
- Modern block of 4 apartments – fully let
- Well managed and maintained externally and internally
- Located in areas of high rental demand
- Fully let producing a gross annual income of £27,600 gross, monthly income £2,300 for year ending November 2025
- Based on a purchase price of £350,000, the portfolio produces a Gross yield of 7.89%, before purchaser’s costs of 3.66%
- Fully let generating a strong net income
- Reversionary income - potential to grow rents
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