Proudly named after R J Mitchell, the talented engineer who led the team designing the beloved Spitfire. Designed as a short range high performance aircraft, the Spitfire was instrumental in the Battle of Britain between July and October 1940. Mitchell House is a recently completed conversion of a former office block to luxury residential, and comprises of a total of 67 studios, one and two bedroom luxury apartments built over four floors to a high specification.  As the lease allows short term lets it allows investors the flexibility of multi rental options with either long term AST professional lets, or short term corporate lets potentially providing higher NET yields, estimates show as high as 10.46% NET.   Very well located the development is opposite the train station providing easy access to London Waterloo.  Southampton airport is 2 miles away.  There is a 10 Year ICW Build Warranty.  Although there is limited communal parking on site investors can purchase an annual parking permits available to at the train station for £1,079 for the year -  https://www.southwesternrailway.com/travelling-with-us/at-the-station/eastleigh 

Video walkthrough links 

49 (studio) 49 Mitchell House Eastleigh 

37 (one bedroom) 37 Mitchell House Walkthrough 

*Annual Rental income can vary, please speak to your consultant about the potential of the unit you are interested in, Residential Estates would also suggest you carry out your own due diligence in the local market at the time of purchase.  Annual rentals are also based on long term ASTs, please ask about STL potential figures.

**The provision of lender finance for your purchase is dependant upon individual circumstances and cannot be guaranteed. We advise you to obtain independent financial advice before entering into an agreement upon which you will be relying upon lender finance. Any decision to proceed with lender finance is your decision only. If lender finance cannot be obtained you will be required to complete on your purchase in any event. Residential Estates are not regulated by the FSA, nor are they a finance company and cannot be held liable for any purchaser being unable to obtain mortgage monies for their purchase.

Key Features

Luxury Apartments with white goods included
Great location close to train station
Estimated NET yields as high as 10.46%
Short Term corporate lets allowed in Lease
A range of different sized apartments
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