Studio Flat For Sale £2,150,000
A great investment opportunity with an erv once works have been carried out of £121,500 per annum equating to a yield of circa 6%. The site currently comprises of 7 residential units being a mix of 1,2 and 3 bed units, with planning permission to add another 2 x 1 bed studio apartments and to extend the existing studio apartments to create spacious 1 beds. Currently the apartments are fully tenanted achieving a rental income of £91,800 per annum. The investment comes offered in the form of an spv meaning around £150,000 savings on stamp duty and has accrued company debt that equates to around £50,000 saveable on tax in the future.
Located within walking distance of Norbury Station providing connections into London Victoria in 23 minutes, also within walking distance of the centre of Norbury with its selection of shops, restaurants and Mitcham Common.
Located within walking distance of Norbury Station providing connections into London Victoria in 23 minutes, also within walking distance of the centre of Norbury with its selection of shops, restaurants and Mitcham Common.
