• Portfolio of 5 x 2 beds and 3 x 1 bed houses
• Sale price of £1.1m current rent £66,000 annual 6% gross yield
• Fully tenanted cash flowing investment
• Good rental uplift potential to take gross yield to 6.7-7%
• Very popular rental location, all rented to young professionals / mature students
• High occupancy rates
• Well maintained and managed properties by the landlord
HOP Sales are delighted to bring to market a portfolio of 8 properties, comprising of 5 x 2-bedroom houses and 3 x 1-bedroom houses, located in Hyde Park and Woodhouse. The portfolio is fully tenanted, with an annual rent of £66,000 with a 6% gross yield on the asking price, being sold as a going concern.
The properties are all well maintained and offer good rental uplift potential. The existing tenants are predominately professionals on fixed term tenancies.
The portfolio is located in Hyde Park (Autumn Avenue, Autumn Grove and Autumn Street, Harold Walk) and Woodhouse (Quarry Mount Place), which are very popular rental locations with young professionals and students, being close to the City Centre and Universities. The properties have always rented consistently with exceptional occupancy rates over the years.
A full brochure is available with further details.
EPC Rating: D
Location
Located in Hyde Park and Woodhouse.