Leicester, City (LE1) Listing ID: 1648 Type of Property: 11 apartments Guide Price: £ 1,119,950

Description

Great Location.
City Centre Location.
Freehold available for a a further £250,000
We have been given 11 of the 41 apartments in the block. With 30 now sold.

The vendor is offering the freehold, inc: management and grounds rents.



Portfolio Summary.
Number Of Props 11.
Number of 1 Beds 7.
Number of Studios 4.
Vendors Expectations £1,200,000.
Annual Rental Income £86,520.

Further Information.
Block consists of 41 Apartments.
Freehold Available £250,000

Property Details

Tenure: Leasehold

Location: Leicester, City

Type of Property: Detached


Financial Information

Rental Income: £ 59,221

Net Rental Income: £ 59,221 pa

Net Rental Yield: 5 %

Return For Investment: 21 %

Gross Yield: 8 %

Contact Information

Name: Dilip Rajani

Number: 07886816779

Email: dilip@hamiltonsbusinessconsultants.uk


Mortgage Illustration

Guide Price: £ 1,119,950

Deposit Required: £ 279,988

Mortgage Amount: £ 839,963

Mortgage Payments: £ 2,275 pm

Based on 75% Loan To Value (LTV).
Mortgage Product:Interest Only @3.25%