15 bedroom block of apartments for sale

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15 bedroom block of apartments for sale

Wise Court, Stable Road, Bicester, Oxfordshire, OX26
£2,000,000

Our Summary

  • INVESTMENT OPPORTUNITY: Wise Court, Stable Road Bicester 15 Unit Residential Investment Opportunity - Freehold Built in 2001 Wise court is a private development of 15 apartments, the apartments are all individually tenanted generating a gross annual revenue of £112,500
  • All tenancies are 12 month AST's with rents on the apartments below current market rates and offer the potential of increasing the yield

Description

This is an investment opportunity to purchase a freehold property, Wise Court, a private development of 15 apartments built in 2001. The apartments are all individually tenanted, generating a gross annual revenue of £112,500, with rents below current market rates, offering potential for increased yield. The development is split into 10 one-bedroom apartments and 5 studio apartments, with average rents of £677.50 and £650 per month, respectively. The property is located in Bicester, with proximity to Bicester North Train Station, town centre, and Bicester Village, as well as being close to Junction 9 of the M40/A34. The development is currently listed on one title, which could be split into individual titles.
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