Key Features

Fully-let block of 24 apartments
Freehold (with 24 x separate long leasehold titles)
10,521 sq. ft NSA
Current gross rental income of £347,400 PA
Current net rental income of c.£305,712 PA
0.3 miles from Bishop's Stortford Rail station
Asset management potential

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Description

The opportunity comprises 24 apartments arranged over ground, first and second floors and extending to approximately 10,521 sq. ft. completed in Spring 2021.

23 units provide 1-bedroom and there is one 2-bedroom unit on the first floor.

The property is gated and provides parking for 22 cars. The site extends to approximately 0.401 acres.

The flats are held long leasehold for a term of 250 years, commencing 03/08/23, with 248 years unexpired however the Freehold interest is also available.