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Iron Gate, Derby DE1 6 bed block of apartments for sale
Iron Gate Studios, Derby, Derbyshire, DE1
£290,000
Iron Gate Studios, Derby, Derbyshire, DE1
£290,000
Our Summary
- For greater detail on this property's investment potential, please see the Let Property Pack linked below
Description
This portfolio of six flats in Derby is an attractive investment opportunity for those seeking a steady and rewarding rental return. The property, located in a city centre with close proximity to local amenities and transport links, consists of six bedrooms, a lounge, kitchen, and bathroom, and is in good condition. Currently generating an annual gross income of £50,136, the property presents a worthwhile addition to an investor's portfolio, with the potential to take over the management of the entire block as it makes up 50% of the 12-apartment block. With the right-to-manage advantage, investors can benefit from a smooth transaction process and maximum commitment to the sale from both buyer and seller.