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
£301,000

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 a lucrative investment opportunity for landlords, currently generating a steady annual gross income of £50,136. The property, situated in a city centre location with excellent transport links, consists of six bedrooms, a lounge, kitchen, and bathroom, as well as a utility area and allocated parking space. With the current tenants already in place, the property offers a hassle-free takeover for the new investor, who will also have the right-to-manage advantage as they own 50% of the 12-apartment block. This property presents a worthwhile addition to any investor's portfolio, offering a rewarding rental return and a convenient management setup.