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We are offering a block of 108x studios ideally located in the heart of Derby city centre at 10% gross yield.
Offered with vp or pre tented with international students.
Completion is Sept 2021.
Building will be fully refurbished to a high specification and be sold as an investment or with vacate possession. All units are self contained studios.
? Upper floors – 108 self contained studios
? Ground floor – 6,000 sq feet retail with a letting already pre arranged at around £50k pa.
Estimated income summary: £810k pa for 108x studios plus £50k pa retail ie £860k pa.
Forward purchase options on buying:-
1 forward funding and we would pay interest on the amounts funded
2 exchange contracts now with a view to completing in sept when the scheme is complete.
Seller can offer a 12 month rental guarantee with these options hence de risking the purchase.
Offered at : Gbp 9M (Freehold) reflecting a 10% gross yield
or at a lower price with vp. Back to listing
Full details for For Sale in Derby
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Description
Ideally located in the heart of Derby city centre.We are offering a block of 108x studios ideally located in the heart of Derby city centre at 10% gross yield.
Offered with vp or pre tented with international students.
Completion is Sept 2021.
Building will be fully refurbished to a high specification and be sold as an investment or with vacate possession. All units are self contained studios.
? Upper floors – 108 self contained studios
? Ground floor – 6,000 sq feet retail with a letting already pre arranged at around £50k pa.
Estimated income summary: £810k pa for 108x studios plus £50k pa retail ie £860k pa.
Forward purchase options on buying:-
1 forward funding and we would pay interest on the amounts funded
2 exchange contracts now with a view to completing in sept when the scheme is complete.
Seller can offer a 12 month rental guarantee with these options hence de risking the purchase.
Offered at : Gbp 9M (Freehold) reflecting a 10% gross yield
or at a lower price with vp. Back to listing
