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Studio apartment for sale
Daycroft Apartments , Barnsley, South Yorkshire, S71 5SE
£1,150,000
Daycroft Apartments , Barnsley, South Yorkshire, S71 5SE
£1,150,000
Our Summary
- Asking for offers in excess of £1,150,000 reflecting a gross yield of 8% and potential reversionary yield of 8
- This provides an excellent opportunity for an investor to benefit from a high yielding return with potential for further rental growth and asset management opportunities
Description
This is a freehold block of 12 two-bedroom apartments in a desirable residential area of Barnsley, offering a combined rental income of £91,500 per annum, providing a low average rent of £635 per month. The apartments are well-maintained, with spacious living areas, double glazing, and central heating. Each apartment has a secure parking space within the car park, making it an attractive investment opportunity. The property is held on Assured Short Hold Tenancy Agreements, with potential for growth and rental increases. With a guide price of over £1,150,000, this investment offers a gross yield of 8% and a reversionary yield of 8.76%. The property also benefits from B-rated EPCs, making it energy efficient. With excellent growth potential, this is an excellent opportunity for an investor to benefit from a high-yielding return.