Sold

The NG Portfolio – mixed use opportunity comprising 26 flats and houses and 5 commercial units

Offers in excess of £1,650,000

Property Types:
Portfolio, Commercial, Mixed, Residential
Sub Types:
Multiple Houses, Block of Flats, Retail

Description

  • Freehold
  • Comprising in total 26 residential units
    • 16 x flats
    • 10 x houses
  • 22 units subject to Assured Shorthold Tenancies
  • 4 residential units currently vacant
  • Current residential income: £109,080 pa
  • 5 commercial units – 3 units currently let
  • Current commercial income: £20,500 pa
  • Total current rent reserved: £129,580 pa
  • Total ERV (fully let): £172,530 pa
  • Reversionary yield: 10.5% (once fully let)

Offers are invited in excess of £1,650,000 subject to all existing tenancies and leases, subject to contract