 |
|
CR115-Fully Operational Rental Investment Portfolio - Coventry, West Midlands £1,350,000 |
|
|
 |
|
|
|
 |
|
|
|
This sale represents an excellent opportunity to acquire a portfolio of desirable properties in a Coventry suburb as well as an accompanying successful, established rental operation.
The portfolio contains four terraced properties in a desirable Coventry suburb location; with a range of amenities within walking distance as well as good transport links and excellent access to the city centre. Three of the properties are next door to each other, with the other in close vicinity.
Three of the properties have been converted into a total of 17 flatlets and 10 bedsits. These are currently fully rented out directly by the owner, and produce annual revenue of approximately £89,000 per annum. The other property is unconverted, but would be suitable for conversion – it is thought that 6 bedsits and one flatlet could be installed, and this would produce approximately £20,000 more revenue per annum.
This sale is a prime investment opportunity for someone wishing to get a foot on the lucrative buy-to-let ladder, as there is high demand for rental property in the current economic conditions. These properties are also well placed to appeal to the profitable student housing market, as they are close to Coventry University and many students from Warwick University also choose to live in Coventry.
This is a rare opportunity with a genuine reason for sale. A purchaser can expect to produce an impressive return of approximately 7.8% per annum on their investment. |
|
|
|
|
|
|
Potential: |
|
The unconverted property is next to two of the rented properties. Therefore if the property were to be converted, it is highly likely that demand would ensure its full rental capacity is exploited and the purchaser would soon receive even more return on their investment. |
|
|
|
|
|
|
|
|
|
 |