Land For Sale £4,000,000
High Street, Hoddesdon EN11

* PORTFOLIO FOR SALE WITH DEVELOPMENT OPPORTUNITY STPP * Westwood Leber are delighted to bring to the market a fantastic portfolio in Essex comprising 7 residential properties within a stunning Grade II listed conversion made up of 9 luxury apartments. Sale will include the freehold to this exclusive development providing excellent asset management and break up opportunities at a significant discount to the VPV as well as a plot of land perfect for further development stpp.

A purchase at this level would reflect a gross initial yield of 4.96% (based upon existing rent) and 6% (based upon ERV). *The current yield and ERV does not account for the capital growth considering the development opportunity.*