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Property Details: • Type: 6,083 sq ft • Tenure: N/A • Floor Area: N/A
Key Features: • 12 apartments for sale within large block • Fully Tenanted • Gross Rent of £122,160 • Warranties are provided by ARK Insurance Group • More Apartments available if desired • EPC, ECIR, Lease plans, Service Charge available via Data Room
Location: • Nearest Station: Redditch Station • Distance to Station: 0.3 miles
Agent Information: • Address: 61 Mosley Street, Manchester, M2
Full Description: 12 apartments (7x 1-bed and 5x 2-bed units) within highly-yielding residential investment in newly converted apartment scheme. Generating £122,160 rent per annum, no arrears. Offers in the region of £1,300,000 reflecting a Gross Yield of 9.4%. Leasehold (250 years at peppercorn rents). Attractive town-centre location in the affluent town of Redditch, Worcestershire.
Apartments are finished to a good specification with modern fixtures and fittings, including quality floor coverings and contemporary kitchens and bathrooms, providing a perfect blend of luxury and practicality Apartments are unfurnished but fitted with white goods including built in fridge/freezers, washing machines and ovens. Lighting is provided by stylish recessed LED spotlights and heating via energy efficient wall-mounted electric radiators.
Apartments to be sold via new 250-year leases, commencing January 2023. Leases are subject to a Peppercorn Rent only
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