Residential investment block constructed 2019 comprising 12 x 1 Bed Apartments.
11 of the apartments are occupied by way of a 3 year lease by Everyone Matters Homes CIC at £78,540. The remaining apartment is occupied by way of a standard AST with the view that Everyone Matters Homes are likely to take occupation following the expiration of the fixed term period.
Gross Rents: £85,680pax
A purchase at the asking price provides a net initial yield of 8.31% after assuming standard purchaser’s costs at 5.72%.