Yieldit are pleased to bring to the market this fantastic investment opportunity tenanted until June 2023 yielding 4.66% net. The duplex apartment is located on the third floor of the modern and sought-after Piccadilly Heights development and briefly compromises of open plan living area; fully-fitted kitchen; two well-proportioned double bedrooms; two en suit bathrooms, one WC and an allocated underground secure car parking space.
Piccadilly Heights is situated on a quiet peaceful road but is ideally placed to be within walking distance of Chesterfield town centre, Chesterfield hospital and train station so it appeals to a broad range of tenants and its, therefore, no surprise that apartments within the complex are in high demand when they become available. Also within walking distance are plenty of shops, amenities, parks, bars, pubs and gourmet restaurants, a theatre and a cinema meaning there is an enviable lifestyle on offer for residents.
Chesterfield is an ancient market town on the edge of the beautiful Peak District National Park, it sits in the centre of the UK and transport links are excellent for commuters and professionals, with convenient access to the M1 for travel to the nearby city of Sheffield, Nottingham and Derby. Living in Chesterfield is becoming increasingly popular as its affordable and the area has something to offer for everybody, as well as being well regarded as a safe place to live and raise a family, with a welcoming community.
Now is an excellent opportunity to invest in Chesterfield, with extensive plans to improve its town centre even further following over 20 million of investment which will increase shop occupancy levels to above 90%, increase spending, create over 100 new jobs and provide a boost to the local economy. Over 310 new businesses have been established in Chesterfield post-pandemic which attests to the fact that its a brilliant location to do business, live and invest. Dont miss out and enquire today!
Financial Breakdown
Gross rent: £7,800
Ground rent: £500
Service charge: £1,472
Net income: £5,828
Gross yield: 6.24%
Net yield: 4.66%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-07032
