Under Offer

Stratford-upon-Avon – Freehold residential investment and development opportunity

11 Elm Court, Arden Street, Stratford-upon-Avon, CV37 6PA

Offers in excess of £1,800,000

Property Type:
Residential
Tenure:
Freehold

Description

  • Freehold block comprising 15 self-contained flats
    • 9 x one bedroom
    • 6 x two bedroom
  • Recently let on a common law tenancy agreement to a serviced operator until May 2022
  • Total Current Rent Reserved: £126,000 per annum
  • 14 car parking spaces
  • Gross Initial Yield: 7%
  • Planning consent granted to extend to the rear to create three self-contained flats
  • Prominent town centre location situated in close proximity to Stratford-upon-Avon Train Station

Offers are invited in excess of £1,800,000 for the Freehold interest, subject to existing tenancy, subject to contract

Subject to contract