Friar Gate, Derby 34 bed apartment for sale

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Friar Gate, Derby 34 bed apartment for sale

Friar Gate, Derby
£3,100,000

Our Summary

  • Turnkey Investment Opportunity

Description

Norman House is a rare opportunity to acquire 25 modern apartments in a prime city centre location, offering a versatile mix of two-bedroom, one-bedroom, and one-bedroom apartments. Each apartment is well-presented and finished to a high standard, designed for modern city living with bright interiors and practical layouts. Located in the heart of the city centre, Norman House is ideally situated close to transport links, major employers, shopping, and leisure, ensuring ongoing tenant demand and capital growth potential. The block is fully let and income-generating, offering stable, predictable returns from day one, with a total annual rental income of £239,556 and yields ranging from 7.45% to 8.25%. This is an excellent opportunity to acquire a fully tenanted and income-producing asset in a thriving city centre location, offering strong yields, low void risk, and long-term growth potential.