Discover an exceptional investment opportunity in Norton with this block of six apartments, strategically composed of three two-bedroom and three one-bedroom units. Offered for sale with the freehold, this property guarantees a secure long-term investment with all apartments currently tenanted under stable leases. The asking price of £900,120 reflects a lucrative current income of £90,012 annually, ensuring immediate returns with no additional costs for management, maintenance, or void periods. Each lease is indexed with CPI +1%, safeguarding future income against inflation.
Located in a sought-after residential area, this property appeals to savvy investors seeking a hassle-free income stream and the security of a freehold ownership. The diverse mix of apartments caters to various tenant needs, enhancing rental stability. With all units occupied under reliable long-term leases, the block promises consistent cash flow without the typical expenses associated with property management or upkeep. This turnkey investment opportunity is poised to deliver robust returns and appreciation potential in a thriving rental market.
Don’t miss out on this rare chance to acquire a fully tenanted property with strong financial fundamentals. Whether you’re expanding your portfolio or entering the property market, this block of apartments in Norton presents a compelling investment proposition. Act now to secure a solid income stream and capitalise on the steady growth of residential real estate in this desirable location.
