Under Offer

M62 Portfolio – Fully let residential portfolio across Halifax and Pontefract comprising 82 units

Offers in excess of £4,750,000

Property Types:
Portfolio, Residential
Tenure:
Leasehold

Description

  • 82 units across 5 blocks
  • Located within close proximity to the towns of Halifax and Pontefract along the M62 corridor
  • Fully let producing a total income of £444,660 per annum
  • Total Estimated Rental Value of £472,620 per annum
  • Significant discount to VPV
  • Providing excellent asset management and break up opportunities

Offers in excess of £4,750,000 are invited for the Leasehold interests subject to all existing tenancies, subject to contract.

A purchase at this level would reflect a gross initial yield of 9.36% (based upon passing rent) and 10% (based upon ERV).

Subject to contract