The net rents for the properties are as follows:
- 48-52 Reginald Street: £150,000 per annum (Comprises of 6 flats and 2 Houses with HMO licensing, totalling to 11 bedrooms)
- 34 Clarendon Road: £81,000 per annum (Comprises of 6 flats, 2x1 bed, 2x2 beds, 2x3 beds)
- Total: £231,000 per annum
These properties are available for purchase individually or combined, on a freehold basis. The pricing is as follows:
- 48-52 Reginald Street: £1,800,000
- 34 Clarendon Road: £1,200,000
- H&W Properties Ltd (both assets combined): £3,000,000
- Providing a rental yield of over 7.5%
Purchasing both assets together provides the opportunity to acquire 100% shares in the freehold owning company, resulting in substantial savings on Stamp Duty Land Tax.
Please note that legal costs will be borne by each party individually, and VAT will be applicable at the appropriate rate, if applicable.
For further information or to arrange a viewing, please contact the relevant parties mentioned in the brochure.