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Block of flats
Iron Gate, Derby DE1
£295,000
Iron Gate, Derby 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, located in the city centre with excellent transport links, currently generates an annual gross income of £50,136 and is in good condition, featuring amenities such as a utility area and allocated parking space. With a purchase price that offers a worthwhile addition to an investor's portfolio, this property presents a unique opportunity for the right buyer to take over the management of the entire block, comprising 50% of the 12-apartment complex, granting them the right-to-manage advantage.