Warwick Avenue, Bedford Block of apartments for sale

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Warwick Avenue, Bedford Block of apartments for sale

Warwick Avenue, Bedford MK40
£300,000

Our Summary

  • We feel there is the potential for further development of accommodation in the roofs of the various freehold blocks being offered
  • This rarely available investment opportunity will produce a lucrative income for a discerning investor or asset management company in a location where the rental demand is soaring

Description

Taylor Land is offering a rare investment opportunity, comprising the freehold interest and ground rent of 95 flats in De Montfort Place and 19 apartments in Haymarket Rise. The apartments, completed between 2017 and 2022, are located in the charming streets of Warwick Avenue and Lansdowne Road, just outside Bedford Town Centre. Each apartment comes with a long lease until 2267, generating an annual income of around £23,000 with predetermined rent reviews. The properties have potential for further development, with the possibility of building more accommodation on the rooftops of the freehold blocks. The location offers easy access to Bedford's amenities, including shops, cafes, and restaurants, making it an attractive investment for a discerning investor or asset management company, with high rental demand in the area.