Residential investment block constructed 2019 comprising 12 x 1 Bed Apartments.
10 of the apartments are occupied by way of a 3 year lease by Everyone Matters Homes CIC at £71,400. The remaining two apartments are occupied by way of standard AST’s with the view that Everyone Matters Homes are likely to take occupation following the expiration of the fixed term periods.
Gross Rents: £84,600pax
A purchase at the asking price provides a net initial yield of 8.43% after assuming standard purchaser’s costs at 5.69%.