EXCELLENT INVESTMENT RETURNS – PROJECTED 16.8% PER ANNUM OVERALL YIELD London Property Hotspot Opportunity! The total current rental income is £220,000 p.a. and the ERV rental income is £230,000 p.a.. This results in a yield return on just the rental income of over 8.2% p.a.! * Recently constructed five story building with modern fixtures and fittings * The building consists of 26 one and two bedroom apartment properties plus a large retail unit * Gross internal size 23,788 square feet (2,210 square metres), plus external parking areas * Excellent £225,000.00 ERV gross income return * 100% occupancy of the properties – fully-let – ensures maximum landlord income * Over £200,000.00 spent on internal and external refurbishments in 2014 and January 2015 * Modern uPVC double glazing throughout, including double French door balconies * Fully-fitted Omega oak kitchens with modern Italian tiled bathrooms (not shower rooms) * Integrated fridge-freezers, ovens and premium Bosch washing machines/appliances * Modern oak laminate flooring and carpeted common areas * Professional, certified fire alarm systems with Automatic Opening Ventilation (AOV) system * Secure digital door entry and intercom systems and sixteen camera IP recording CCTV system * Eight person lift, together with front and rear wide staircases * Eight private car parking spaces (twenty completely free spaces in total) * Development opportunity to add a mansard roof for seven further apartments * £1 Million profit on break-up potential (£3.8m break-up value at £125,000.00 per apartment plus retail unit plus ground rents). Price: 2,800,000.00 GBP
Keywords:
london, england, luton, uk, united kingdom, bedfordshire
For more details about this listing please click here to access the webpage provided by listing owner.
Safety Tips:
* Deal Locally with persons you can meet face to face - this is the most important tip!
* Avoid Sending Funds with Western Union, Moneygram or and other similar service
* Kugli.com is not an Escrow service, we are not involved in any transaction between our members.