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