Summary
Modern block of 12 flats, producing £40,700 – 5.8% gross return
Offered on behalf of the original Developers, Osborn Homes. The property comprises a detached block of 12 flats constructed in 2007. Each flat has a car space. 4 flats let on Assured Shorthold tenancies and 8 flats were sold off on long leases.
Total income is £41,600 per annum, producing 5.94% gross
FLATS 1, 3-8 INCLUSIVE & FLAT 12
Sold off on 125 year terms from 1.1.07 @ £250 ground rent per flat doubling every 25 years
Income £2,000pa
FLATS 9/10/11
Comprising 3 x 1 Bed, 2nd floor flats; 523/564 psf, all let on AST agreements @ £800pcm each flat
Income £28,800pa
FLAT 2
Comprising 1 x 2 Bed, ground floor flat; 693 psf
Income £10,800pa
FLOOR PLANS AVAILABLE
COPY LEASES AVAILABLE
44 
stewartgray@austingray.co.uk
01273 201988
