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Iron Gate, Derby DE1 6 bed block of apartments for sale
Iron Gate Studios, Derby, Derbyshire, DE1
£297,000
Iron Gate Studios, Derby, Derbyshire, DE1
£297,000
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 rental return. The property, located in the city centre, 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 offers a worthwhile addition to an investor's portfolio. A key selling point is the opportunity to take over the management of the entire block, as the six apartments make up 50% of the 12-unit block, granting the investor the right-to-manage advantage. With its central location, close proximity to amenities, and fantastic transport links, this property is an excellent choice for investors looking to expand their portfolio.