Block of flats

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Block of flats

Iron Gate, Derby 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 6 flats in Derby is a fantastic investment opportunity, currently generating a steady annual gross income of £50,136. The property is located in a city centre location with close proximity to local amenities and transport links, and consists of 6 bedrooms, lounge, kitchen, and bathroom in good condition. The current landlord is looking to sell, offering a worthwhile addition to an investor's portfolio. A key selling advantage is that the investor would have the right-to-manage advantage, as they would own 50% of the block (12 apartments total), allowing them to take over the management of the entire block.