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Sponsored Get a Survey — free quotes via ReallyMoving
16 bed flat
Nelson Road South, Great Yarmouth NR30
£925,000
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Our Summary
- Strong Investment Opportunity
- An excellent hands-off investment opportunity with tenants in situ and immediate income
- DESCRIPTION *INVESTMENT OPPORTUNITY* Fully Let Block of 16 Flats - 13% Yield An excellent opportunity to acquire a fully tenanted block of 16 self-contained flats, offering an immediate and reliable income stream
- Further potential may exist to enhance returns through future rental growth
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Description
The property consists of a fully let block of 16 self-contained flats, comprising a mix of 1, 2, and 3 bedroom apartments, including 1 bedroom flats, 2 bedroom maisonettes, and 3 bedroom maisonettes and flats. The property generates £10,240 per calendar month, or £122,880 per annum, with a gross yield of approximately 13%. Tenants are currently in situ, ensuring immediate and reliable income.