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 for sale the freehold interest and ground rent investment of 114 apartments in De Montfort Place and Haymarket Rise, located in the tree-lined streets of Warwick Avenue and Lansdowne Road on the outskirts of Bedford Town Centre. The apartments, completed between 2017 and 2022, have long leases until 2267 and currently generate an annual income of around £23,000 with predetermined rent reviews. The investment opportunity is well-positioned for Bedford Town's amenities, including shops, cafes, and restaurants, and has the potential for further development of accommodation in the roof spaces of the freehold blocks. This rare investment opportunity is expected to produce a lucrative income for a discerning investor or asset management company, with rental demand in the area soaring.