2 bed Flat For Sale £3,250,000
*exciting investment opportunity* *4 x purpose built blocks of tenanted flats (24 flats total) *current yield ~£215K pa* *Excellent potential for uplift*
Draft details awaiting vendor approval An exciting investment opportunity has arisen to acquire an established site comprising 4 blocks of flats with associated garaging and gardens. The properties were built in the 1960s and have been owned by the same family until now. All the flats are tenanted and currently produce a yield of around £215,000 per annum. We believe the site offers excellent potential for uplift if desired.
Please contact us for further information and to organise a viewing. EPCs will be provided upon request.
The property includes the following: • Freehold site all on just one title.
• 4 blocks each containing 6 purpose-built flats.
• 18 x 2 bedroom flats and 6 x 3 bedroom flats.
• 12 garages within a detached block.
• Gardens and parking area measuring approx. 0.91 acres.
• The option to purchase an additional parcel of land at the rear of the flats with direct road access measuring approx. 0.2 acres (no consent for redevelopment at present).
Location Greenlea Court is set at the end of a cul-de-sac called Greenlea Crescent. It benefits from a favourable position on the outskirts of Southampton and close to the M27, which leads directly to the M3 and offers access to London. Southampton is a busy maritime city on the south coast and offers a wealth of character and history.
Draft details awaiting vendor approval An exciting investment opportunity has arisen to acquire an established site comprising 4 blocks of flats with associated garaging and gardens. The properties were built in the 1960s and have been owned by the same family until now. All the flats are tenanted and currently produce a yield of around £215,000 per annum. We believe the site offers excellent potential for uplift if desired.
Please contact us for further information and to organise a viewing. EPCs will be provided upon request.
The property includes the following: • Freehold site all on just one title.
• 4 blocks each containing 6 purpose-built flats.
• 18 x 2 bedroom flats and 6 x 3 bedroom flats.
• 12 garages within a detached block.
• Gardens and parking area measuring approx. 0.91 acres.
• The option to purchase an additional parcel of land at the rear of the flats with direct road access measuring approx. 0.2 acres (no consent for redevelopment at present).
Location Greenlea Court is set at the end of a cul-de-sac called Greenlea Crescent. It benefits from a favourable position on the outskirts of Southampton and close to the M27, which leads directly to the M3 and offers access to London. Southampton is a busy maritime city on the south coast and offers a wealth of character and history.
