Property Details: - Type: Detached house - Bedrooms: 9 - Bathrooms: 5
Agent: Gaudin and Co - St Helier Phone: 020 8139 4194
<p><strong>High-Yield Lodging House Investment – First Tower</strong></p><p>An excellent income-producing opportunity located in the highly sought-after First Tower area. This substantial lodging house comprises <strong>8 self-contained bedsits and a spacious 2-bedroom apartment</strong>, offering strong and diversified rental income.</p><p>The property benefits from <strong>parking for all units plus an additional space allocated to the apartment</strong>, a valuable feature in this location. Residents also enjoy access to a <strong>communal garden</strong>, enhancing tenant appeal and long-term rental demand.</p><p><strong>Current rental income totals £99,600 per annum</strong>, generating a <strong>strong gross yield of approximately 10%</strong> at the asking price of £1m. The bedsits are each let at £800 per month, with the 2-bed apartment achieving £1,900 per month, reflecting solid market rents.</p><p>This asset would suit investors seeking:</p><ul><li><p>Immediate, reliable income</p></li><li><p>Strong yield in a prime location</p></li><li><p>Multiple income streams reducing void risk</p></li><li><p>Potential for future rental growth or value enhancement</p></li></ul><p>A rare opportunity to acquire a <strong>well-performing residential investment</strong> in an established and desirable area.</p><p>For further information please contact Bradley Vowden: [use Contact Agent Button]</p>
