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Lot 1 | The Kerrison Portfolio... Semi detached 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 extensive 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 presents a unique investment opportunity, comprising 16 residential properties, extensive grassland, and strategically positioned land. The portfolio generates a gross return of £166,788, with 15 of the residential properties let on Assured Shorthold Tenancies and one on an Assured Tenancy. The majority of the residential houses are situated in approximately 5.33 acres of land, with 14 houses generating a gross return of £145,680. The portfolio also includes two residential properties with frontage onto Stoke Road and extensive surrounding grassland, which are showing signs of structural movement. Additionally, there is a parcel of grassland let on a Grazing licence and a further parcel of land with planning permission for residential development. The portfolio is located in the village of Thorndon, with access to local amenities and nearby towns, including Eye and Diss, which offer a range of facilities and transportation links.