
High Hazel Drive, Mansfield, Nottingham
- PROPERTY TYPE
Plot
- SIZE
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Description
17 properties - 3x Apartments (3x 2 bed) & 14x Houses (2x 1 bed, 6x 2 bed, 6x 3 bed)
Fully let subject to Assured Shorthold Tenancies
Total Current Passing Rent: £137,664 per annum
Estimated Rental Value (based on existing rents): £148,080 per annum
Portfolio break up value: £2,300,000
Guide Price of £1,900,000 for the Freehold/Leasehold interests, representing a 17.4% discount from full market value
A purchase at this level would reflect a gross initial yield of 7.25% (upon the Passing Rent) and 7.79% (upon the ERV)
A fully let seventeen unit residential portfolio located in Mansfield, Hucknall, Fernwood, Kirkby in Ashfield and Bilsthorpe areas (Nottinghamshire). The properties within the portfolio are a mix of both houses and apartments, with the estimated rental value of £148,080 per annum.
Portfolio break up value £2,300,000, with a guide price of £1,900,000 representing a 17.4% discount from full market value.
Further information within the data room or available upon request.
High Hazel Drive, Mansfield, Nottingham
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Mansfield Woodhouse Station0.5 miles
- Mansfield Station1.0 miles
- Shirebrook Station3.3 miles
Notes
Disclaimer - Property reference GLO250240. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Romans, Portfolio Investments. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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