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Property comprises 20 apartments within a modern, purpose built block (19 no. 2 bed apartments, 1 no. 1 bed apartment) with on site parking for 8 vehicles.
Built in 2021 the property is arranged on ground and 3 upper floors with a roof terrace, served by a lift.
All apartments are separately metered for gas heating and electricity.
We understand the property is fully let producing a gross annual income of £216,060 pa. to Year End November 2025.
Domestic rates payable (non-recoverable) for the current year are approximately £13,500.
Property comprises 20 apartments within a modern, purpose built block (19 no. 2 bed apartments, 1 no. 1 bed apartment) with on site parking for 8 vehicles. Built in 2021 the property is arranged on ground and 3 upper floors with a roof terrace, served by a lift. All apartments are separately metered
- Recently constructed apartment block of 20 units – fully let
- Well managed and maintained externally and internally
- Located in areas of high rental demand close to the city centre
- Fully let producing a gross annual income of £216,060, gross monthly income £18,005 for year ending November 2025
- Based on a purchase price of £2.75m, the portfolio will produce a Gross Initial Yield of 7.38%, after purchasers acquisition costs of 6.03%
- Reversionary income – potential to grow rents
Accommodation
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