An opportunity to acquire a Victorian mid terrace property over four floors containing two self-contained bedsits, ten additional bedsits with four shower rooms and two additional WC's. The properties are fully let and income producing, with a current annual income of 94,200 which equates to a yield of 11.1% based upon the asking price, therefore making this an ideal investment opportunity. Tenancy information per calendar month: Flat 1 - 750 Flat 2 - 750 Flat 3 - 625 Flat 4 - 625 Flat 5 - 625 Flat 6 - 625 Flat 7 - 650 Flat 8 - 625 Flat 9 - 625 Flat 10 - 625 Flat 11 - 700 Flat 12 - 625 Total - 7,850
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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