Block of flats

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Block of flats

Wise Court, Stable Road, Bicester OX26
£2,250,000

Our Summary

  • Investment opportunity: Wise Court, Stable Road Bicester
  • 15 Unit Residential Investment Opportunity - Freehold
  • 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

Wise Court is a 15-unit residential investment opportunity in Bicester, Oxfordshire. The property is a freehold development built in 2001, consisting of 10 one-bedroom apartments and 5 studio apartments. The current rent generated by the apartments is £112,500 per year, with a yield of 5%. The potential return on investment is £152,400 per year, with a yield of 6.77%. All tenancies are 12-month ASTs with rents below current market rates, offering potential for increase. The development is located near 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.
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