Rose Court
Stockton-on-Tees
*Bulk Deal - 3 Apartments*
Residential Estates have secured an off market opportunity, totally exclusive that is perfect for those who want high yielding, fully managed properties in great condition with excellent potential re-finance options to secure an even higher return.
This is the definition of an investor friendly deal that has arisen by finding a motivated buyer.
3x 1 bed flats, ranging from 48sqm – 62 sqm with EPCs of B or C and in great condition.
The seller is looking for a bulk deal and has price accordingly at a price if £115,000 for all 3 flats and is wanting a CASH sale.
Historical data and property data suggests the value of the flats combined are in the region of £140,000 - £145,000
All tenants have been in place for some time and look after their properties well, with all rents going through to the agents directly.
The NET returns after management and service charges is £9,800 per annum in your hand.
Details
*3x 1 Bedroom Apartments
*Currently on AST
*Fully Managed
*NET Income £9,801
*NET Return 8.5%
Price £115,000
(Cash Sale Only)