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15 bedroom block of apartments for sale
Wise Court, Stable Road, Bicester, Oxfordshire, OX26
£2,250,000
Wise Court, Stable Road, Bicester, Oxfordshire, OX26
£2,250,000
Our Summary
- INVESTMENT OPPORTUNITY: Wise Court, Stable Road Bicester 15 Unit Residential Investment Opportunity - Freehold Current return £112,500pa / 5% yield Potential return £152,400 / 6
- All tenancies are 12 month AST's with rents on the apartments below current market rates and offer the potential of increasing this yield further
Description
This is an investment opportunity to purchase a freehold development of 15 residential units in Bicester, Oxfordshire. The property, built in 2001, comprises 10 one-bedroom apartments and 5 studio apartments, all currently let on 12-month ASTs with rents below current market rates. The current gross annual revenue is £112,500, with the potential to increase this yield further. The development is located close to Bicester North Train Station, Bicester Town Centre, and Bicester Village, and is listed on one title which could be split into individual titles. The council tax band is Band A.