Situated a short distance from Southampton Universities Highfield Campus, this freehold semi-detached property
would have started life as a family home, but in more recent times has
provided four letting rooms and a one bedroom ground floor flat with
separate access from the rear. It is currently let under the
terms of Assured Shorthold Tenancy Agreements and is currently producuing a rental income of £21,960. You would obviously need to check planning and licencing status before the auction date of the 17th Dec. It's guiding £165K / £170K and returns an attractive yield of c13% based on guide. It will definetly sell on the day at maybe c10%. Nice bolt-on to a portfolio or one for those chasing yield in a difficult student market.
http://www.cliveemson.co.uk/listing_view.asp?Lot=102&Auc=174
No comments:
Post a Comment