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Lot 1 | The Kerrison Portfolio... House for sale
Lot 1 | The Kerrison Portfolio, Thorndon, Eye, Suffolk, IP23
£3,075,000
Lot 1 | The Kerrison Portfolio, Thorndon, Eye, Suffolk, IP23
£3,075,000
Our Summary
- A significant residential portfolio of let property with land and further strategic holdings representing an excellent investment opportunity
- Part of the land has received planning permission for residential development
- The planning application reference number is 1716/09
- The planning permission is for a close of six 3 bedroom houses
Description
The Kerrison Portfolio is a significant residential portfolio of let property with land and strategic holdings, offering an excellent investment opportunity. The portfolio consists of 14 residential properties, situated adjacent to the River Dove, which are let on Assured Shorthold Tenancies and generate a gross return of approximately £148,000. The majority of the residential houses are located off Stoke Road, set in approximately 5.33 acres of land, with a collective gross return of £145,680. The portfolio also includes strategically positioned land, part of which has received planning permission for residential development, allowing for the construction of six 3-bedroom houses. The location is in the village of Thorndon, which benefits from a community shop, public house, and primary school, with the market town of Eye and Diss offering a range of facilities and transportation links to Norwich, Ipswich, and London.