Freephone: 0800 043 6956 Email: info@freshinvest.co.uk
Fresh Invest
Tenanted Apartments in Great Location yielding up to 8.5%! Dan Chamberlain Director
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Tenanted Sutton In Ashfield Apartments
AT A GLANCE
- 9 x 2 bed apartments
- Tenanted at yields up to 8.5%
- 20% discount
- Fresh Invest Prices of £63,196
- Marketing prices up to £78,995
- Properties only 3 years old
- Desirable location
- High specification
- NHBC certificate supplied
- Long standing tenants
In detail
The Opportunity
We are happy to bring to you the opportunity to invest in this development of just 9 tenanted apartments in a great location in Sutton in Ashfield. The development was build complete at the end of 2008.
We have just 9 x 2 bed apartments’ available, large discounts and supporting RICS valuations, all of the apartments are tenanted so provide an excellent turnkey investment opportunity with no initial rental voids.
With rental yields up to 8.5% these offer a strong investment for any client in the Nottinghamshire area and from looking at comparables, it would seem that rental increases could be considered.
Financial Example
2 bed apartment 569 sqft - £63,196
- Deposit needed - £15,799
- Rent - £450 pcm
- Mortgage - £47,397
- Mortgage payments - £157.59 pcm
- Mortgage - TMW 75% LTV @ 3.99%
- Ground Rent & Service Charge - £52.50 pcm
- Positive cash flow - £239.91 pcm (£2,878 per year)
The Location / The development
The apartments are located around 2 miles from a train station, university and hospital. So the apartments are in a strong position for future rentals.
The apartments are of a high specification including: Oven, Hob, Fridge, Freezer and flooring.
The whole development is only 3 years old so condition is good and apartment's are sold with an NHBC certificate from 2008.
There is 1 parking space included and the lease has 147 years remaining.
The next step
If you would like further details on this fantastic opportunity, please use the request information section to request a brochure from us. The brochure will detail the apartments and show pictures as well as floor plans, exact location and local comparables.
Once you have decided on the property/properties that interest you, get in contact with us to arrange a viewing or go through the quick and easy reservation process.