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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).

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