>
Block of flats
Iron Gate, Derby DE1
£315,000
Iron Gate, Derby DE1
£315,000
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 investors seeking a rewarding return. The property, located in a city centre with excellent transport links, currently generates an annual gross income of £50,136 from its tenants. With the purchase price, the property offers a worthwhile addition to an investor's portfolio. The key selling advantage is that the buyer can take over the management of the entire block, comprising 12 apartments, giving them the right-to-manage advantage. The property is in good condition, with six bedrooms, a lounge, kitchen, and bathroom, as well as amenities such as a utility area and allocated parking space.