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1 bedroom property for sale
Portfolio of 10 Apartments at Citispace West, LS2 7JT
£450,000
Portfolio of 10 Apartments at Citispace West, LS2 7JT
£450,000
Our Summary
- *** CALLING ALL INVESTORS *** CASH BUYERS ONLY *** An ultra rare opportunity has arisen to acquire a ready made portfolio of 10 Citispace apartments all situated on the 4th floor of Citispace West currently achieving £5,235 PCM in rental income offering a gross return of 13
- These properties are ONLY available to cash buyers
- Breakdown of properties:Flat 1 – tenanted – on a periodic basis - £495 PCMFlat 2 – tenanted – on a periodic basis - £495 PCMFlat 3 – tenanted – on a periodic basis - £550 PCMFlat 4 – tenanted – on a periodic basis - £520 PCMFlat 5 – tenanted – fixed term until 31 May 2025 - £535 PCMFlat 6 – tenanted – on a periodic basis - £495 PCMFlat 7 – tenanted – on a periodic basis - £575 PCMFlat 8 – tenanted – fixed term until 30 April 2025 - £525 PCMFlat 9 – tenanted – on a periodic basis - £495 PCMFlat 10 – tenanted – fixed term until 9 February 2025 - £550 PCMThe apartments let at £495, have the potential to increase up to £525 PCM adding an additional £1,440 to the total annual rental income
Description
A rare investment opportunity has arisen to acquire a portfolio of 10 Citispace apartments, all located on the 4th floor of Citispace West, currently generating £5,235 in monthly rental income, equivalent to a gross return of 13.96% or £62,820 per annum. The apartments are fully let, with some tenants on fixed-term contracts, and others on periodic agreements. The properties range in size, but are all 1-bedroom apartments, and are situated in a popular urban development on the fringe of the city. As the apartments are currently tenanted, it will not be possible to show all 10 properties at once, but prospective buyers can view a selection to get a feel for the apartments. The service charge for each apartment is £562.40 to £703.00, and the EPC rating varies from B to C. The council tax banding is B for all apartments. Cash buyers only are invited to make an offer on this unique investment opportunity.