Property description
4 prime terraced houses arranged as 30 bedsit flats, producing a YIELD just shy of 9 PER CENT. This is an incredible opportunity for an investor to gaurentee themselves an amazing return on capital, with POTENTIAL to INCREASE rents and yield, by the addition of en suites, [current rents being around £60 per room with en suite rents fetching £100-£120 per week depending on standard of finish]. Presently 100% ocupancy producing £101,852.00 p.a.
This Georgian terrace of houses is situated less than 5 minutes walk from the centre of town and the famous College of Arts and less than 10 minutes to both the Universities, with the addition of a 24 acre science park now under construction, to house teacher and student accomodation, science rearch and office buildings, aswell as retail and leisure.
ALTERNATIVELY the buildings could be converted into 12 fabulous apartments with a resale value estimated at around £3million.
Tel 01434632187 for viewings.
Property Features :
- GREAT INVESTMENT OPPORTUNITY
- YIELD 9% POTENTIAL to INCREASE
- 5 MINS walk to the CITY CENTRE
- Only a Stroll to the UNIVERSITIES
- 100% CCUPANCY - £101,852.00 p.a.