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Baxter Gate, Loughborough... 10 bed house for sale
Baxter Gate, Loughborough, Leicestershire
£1,200,000
Baxter Gate, Loughborough, Leicestershire
£1,200,000
Our Summary
- Completed around three years ago, the property underwent a full structural and cosmetic refurbishment, including new kitchens and bathrooms throughout
Description
This freehold investment property in Loughborough comprises nine self-contained flats, all sold with tenants in situ, and generates a current annual rental income of £84,187.20. The property underwent a full refurbishment around three years ago, including new kitchens and bathrooms, and offers a net initial yield of 7.02% based on a guide price of £1,200,000. The flats are located in the heart of Loughborough town centre, within walking distance of shops, cafes, and leisure facilities, and are easily accessible by public transport. Each flat has its own unique features, including studio, one-bedroom, and two-bedroom options, and all are let under assured shorthold tenancies. The property also benefits from a full fire-alarm and emergency lighting system, as well as up-to-date safety and compliance reports. Viewings are by appointment, and the property is being sold with immediate cash flow and minimal further capital expenditure required.