Iron Gate, Derby DE1 6 bed block of apartments for sale

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Iron Gate, Derby DE1 6 bed block of apartments for sale

Iron Gate Studios, Derby, Derbyshire, DE1
£295,000

Our Summary

  • For greater detail on this property's investment potential, please see the Let Property Pack linked below

Description

This portfolio of 6 flats in Derby is a lucrative investment opportunity for those seeking a steady and rewarding rental return. The property is currently generating an annual gross income of £50,136 and is situated in a city centre location with excellent transport links and proximity to local amenities. The property itself is in good condition and features 6 bedrooms, a lounge, kitchen, and bathroom, as well as a utility area and allocated parking space. One of the key selling points is that selling the entire block to one investor would grant them the right-to-manage advantage, allowing them to take control of the entire property. With a purchase price that aligns with the current rental income, this property has the potential to be a worthwhile addition to an investor's portfolio.