14 bed property for sale Sold/Delisted

About this property

The property consists of a block of 7 fully-tenanted flats, producing a net rental income of £5,878.60 per month and a net rental yield of 12%. The investment is secured with a long-term lease lasting 40 years, let until 2065, to a well-established accommodation provider with over 10 years of trading history. The flats are thoughtfully designed, featuring two bedrooms, a bathroom, a kitchen, and a reception room, with one flat offering a double bedroom. The property is freehold, and the tenant is responsible for bills, council tax, and most internal repairs and maintenance. Located within 1.0 mile of multiple supermarkets, the property benefits from excellent transport links, being 0.75 miles from the nearest train station and 0.50 miles from the nearest bus station.