16 bed Flat For Sale, Victoria Road, Chelmsford CM1

Description

Chelmsford City Centre Investment, 8 Flats with Strong Lettings History & 1 Commercial Unit
Close to Station and University
8 x 2 Bed 2 Bath Flats with Balconies Producing £108k per annum. Rent same for 2 years so opportunity to increase to £113k in 2021/22.
1 x Commercial Unit Producing £24k per annum (18 months remaining, tenant would vacate prior to suit) Opportunity to convert to further residential unit.
Let on 1 year AST's with 167 of possible 170 rent payments being received mostly through lockdown.
8 years Build Zone Warranty remaining.
Company Sale possible. Company was the developer.
O.I.E.O £3.4m representing 4% Yield with anticipated rent increases.
Freehold available on request which includes 3 further flats and 1 commercial unit, all sold.

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16 bed Flat For Sale £3,400,000 Victoria Road, Chelmsford CM1

16 bed Flat For Sale £3,400,000
Victoria Road, Chelmsford CM1