Station Road, Heathfield

Summary

Modern block of 9 flats, producing £21,550 – 5.45% gross return

Offered on behalf of the original Developers, Osborn Homes. The property comprises a detached block of 9 flats, with 2 flats let on Assured Shorthold tenancies and 7 flats were sold off on long leases.

Total income is £21,550 per annum, producing 5.45% gross

FLATS 1-4 INCLUSIVE & FLATS 6-8
Sold off on 125 year terms from 01.06.06 @ £250 ground rent per flat doubling every 25 years
Income £1,750pa

FLAT 5
Comprising of a 2 bedroom ground floor flat, with private garden and parking space measuring at approximately 60 sq m, let on an AST agreement at £850pcm.
Income £10,200pa

Flat 9
Comprising of a 2 bedroom first floor flat and parking space, measuring at approximately 67 sq m, let on an AST agreement at £800 pcm.
Income £9,600pa

COPY LEASES AVAILABLE