*investment* 8 apartments* 10% yield*
Biscayne Residential bring to the market this fantastic investment opportunity. The portfolio, at Lister Court, consists of 5 two bedroom apartments, and 3 one bedroom; all currently tenanted and fully managed producing an impressive return. Situation a stones throw from the idyllic Lister Park, this modern is development is in high demand, in addition this development offers each apartment secure parking within the private car park.
The apartments consist of fully fitted kitchens; with integrated appliances, large double bedrooms and en-suites where applicable, and come fully furnished.
For information on individual rentals, service charges and EPCs please contact Biscayne Residential.
Service Charge & Lease Information - We are advised by the current owner 122.5 years remain on the lease ( recently extended by current vendor) & having annual service charge of 1450 pa with ground rent of 500 pa & Annual Insurance Of £297 Total £2247.
Existing Tenancy Information - Currently the portfolio is achieving monthly rental of 4030.00 per month giving gross Yield Of 10 % & Net Yield Of 6 %.
|Property Type||%||Avg. current value||Avg. # beds||Avg. # bathrooms|
|End terrace house||8.6%||£112,850||3.7||0.7|
|Property Type||1 Bed||2 Beds||3 Beds||4 Beds||5 Beds|
|Houses||£150,500 (2)||£65,828 (21)||£122,018 (22)||£157,226 (17)||£205,706 (7)|
|All||£103,667 (3)||£63,151 (28)||£122,018 (22)||£157,226 (17)||£205,706 (7)|