Sheltered housing for sale

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Sheltered housing for sale

Bookbinder House, 67A Holly Road, Twickenham TW1 4HF
£875,000

Our Summary

  • Auction Sale - 02/07/2025

Description

This is a freehold social housing investment property located in Twickenham, an affluent suburban town in London. The property consists of 4 self-contained flats, each with one bedroom, wet room, and kitchen/diner/lounge, arranged over two floors. The flats are entirely let on a new 22-year lease at £89,100 per annum, subject to CPI-linked reviews. The property has undergone a recent conversion, including a new roof, solar panels, and modern windows and doors, and benefits from a 10-year building warranty. The tenant, Tallawah Housing, is a Registered Provider and is required to contribute £6,600 per annum to a sinking fund for repairs. The property offers a gross initial yield of 10.18% and is available for auction on February 7th, 2025.