Key Features
Modern block of 4 apartments – fully let
Well managed and maintained externally and internally
Located in areas of high rental demand
Fully let producing a gross annual income of £27,600 gross, monthly income £2,300 for year ending November 2025
Based on a purchase price of £350,000, the portfolio produces a Gross yield of 7.89%, before purchaser’s costs of 3.66%
Fully let generating a strong net income
Reversionary income - potential to grow rents
Description
FULLY LET RESIDENTIAL BLOCK COMPRISING 4 APARTMENTS PRODUCING A GROSS RENTAL INCOME OF £27,600 PA
Built in 2018 comprising a modern, purpose built, 2 story block of apartments with lift access (4 no. – 2 no. x 2 bed, 2 no. x 1 bed) fronting a main arterial road.
We understand the property is fully let and will produce a gross annual income of £27,600 pa. to Year End November 2025. Domestic rates payable (non-recoverable) for the current year are approximately £1,500
LOCATION
Situated in an area to the north of Belfast city centre considered to be mixed use in character with owner occupied, 'buy to let’ and social housing in the vicinity.
PRICE
Offers invited in excess of £350,000. A purchase at this level would represent a gross yield of 7.89%, before purchasers acquisition costs of 3.66% and running costs.
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