Property Summary

Offered on behalf of the original Developers, Osborn Homes. The property comprises a detached block of 12 flats constructed in 2007. Each flat has a car space. 4 flats let on Assured Shorthold tenancies and 8 flats were sold off on long leases.

Total income is £40,700pa, producing 5.8% gross.

FLATS 1, 3-8 INCLUSIVE & FLAT 12
Sold off on 125 year terms from 1.1.07 @ £250 ground rent per flat doubling every 25 years. Income £2,000pa

FLATS 9/10/11
Comprising 3 x 1 Bed, 2nd floor flats; 523/564 psf, all let on AST agreements @ £775pcm each flat. Income £27,900pa

FLAT 2
Comprising 1 x 2 Bed, ground floor flat; 693 psf. Income £10,800pa

FLOOR PLANS AVAILABLE

COPY LEASES AVAILABLE

Disclaimer Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you, please obtain professional confirmation. Alternatively, we will be pleased to verify the information for you. All measurements are approximate. These Particulars do not constitute a contract or part of a contract.

type

Modern block of 12 flats, producing £40,700 - 5.8% gross return

description

Offered on behalf of the original Developers, Osborn Homes. The property comprises a detached block of 12 flats constructed in 2007. Each flat has a car space. 4 flats let on Assured Shorthold tenancies and 8 flats were sold off on long leases.

Total income is £40,700pa, producing 5.8% gross.

FLATS 1, 3-8 INCLUSIVE & FLAT 12
Sold off on 125 year terms from 1.1.07 @ £250 ground rent per flat doubling every 25 years. Income £2,000pa

FLATS 9/10/11
Comprising 3 x 1 Bed, 2nd floor flats; 523/564 psf, all let on AST agreements @ £775pcm each flat. Income £27,900pa

FLAT 2
Comprising 1 x 2 Bed, ground floor flat; 693 psf. Income £10,800pa

FLOOR PLANS AVAILABLE

COPY LEASES AVAILABLE

Disclaimer Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you, please obtain professional confirmation. Alternatively, we will be pleased to verify the information for you. All measurements are approximate. These Particulars do not constitute a contract or part of a contract.