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Block of flats
Iron Gate, Derby DE1
£320,000
Iron Gate, Derby DE1
£320,000
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 lucrative investment opportunity, currently generating a steady annual gross income of £50,136. The property is located in a city centre with proximity to local amenities and transport links, and features 6 bedrooms, a lounge, kitchen, and bathroom in good condition. The property's key selling advantage is that it makes up 50% of the block, granting the buyer the right-to-manage advantage. This allows the investor to take over the management of the entire block, making it an attractive addition to their portfolio. With a current purchase price, this investment has the potential to be a worthwhile addition to an investor's property portfolio.