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Friday 28 November 2014

Southampton property portfolio for sale yielding 6.6%




Ten two bed units have come on the market in a modern apartment block. They are well located being just over half a mile to Southampton Central train station. The units are modern, well-proportioned come with ensuites and car parking. The will appeal to a varied tenant pool and tenant demand will be strong. They are currently let on AST's. Current market rent on the units would be in the region of £825pcm which would give a gross annual income of £99k. Gross Yield is 6.6% based on asking price, should improve with negotiation! Tempting.

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