Sold

Derby – Freehold unbroken block comprising 78 apartments

Celtic House, Heritage Gate, Derby, DE1 1NU

Offers in excess of £7,550,000

Property Type:
Residential
Sub Types:
Block of Flats, Multiple Flats, Investment
Tenure:
Freehold

Description

Investment Considerations 

  • Unbroken Freehold block
  • Comprising 78 apartments: 42 one bedroom and 36 two bedroom (c. 39,784 sq ft net saleable area)
  • 72 car parking spaces
  • Current Rent Reserved: £630,200 per annum (97.4% occupancy)
  • Estimated Rental Value: £648,560 per annum
  • Gross Yield: 8.59% (based upon ERV)

Subject to contract