Arnolds Keys - City & South County
This listing was posted on Arnolds Keys - City & South County (via ListedBuy).
£3,500,000
Rochester Court Terraced house for sale - £
Price:
£3,500,000
Location:
Norwich, Norfolk
Description:
Fully Let Student Accommodation Investment Discription - Well located high-quality student accommodation near the University of East Anglia (UEA), Norwich Research Park and the Norfolk & Norwich University. Rochester Court, Edgeworth Road consists of 11 properties, let for 51 weeks of the year. The properties benefit from private off-street parking with security lighting, and fully maintained landscaped gardens. Gross internal area of 12,359 sq ft (1,148.14 m2). Gross Income for 2022/23 will be: £270,060 Projected income for 2023/2024: £286,800 Offers in the region of £3,500,000 for the freehold interest based on the current projected annual income profile. This would provide a net initial yield of 6.06%, after allowing for the usual purchaser's costs and reflects a capital value of £283 per sq ft of 12,359 GIA. This property and Harvard Court are held in an SPV. Purchase of the company can be arranged. Accommodation - Rochester Court provides an attractive investment of 11 similar student properties, let for 51 weeks of the year, allowing 1 week of handover for the incoming tenants. Dwellings 1 to 4 are of the same internal configuration, extending over three floors. Dwellings 6 and 9, 7 and 8, and 10 and 11 have the same internal configuration respectively. Dwelling 5 is the only unique property in terms of internal layout. All the properties have a fully fitted kitchen that includes an oven, fridge-freezer, washing machine, and tumble dryer. All bedrooms have en-suites or their own bathroom, plus workstations, TV and telephone points and fibre Internet connection. The properties have been maintained and managed to a high standard, and are in very good decorative order with laminate and tiled/carpet flooring throughout the communal areas. The bedrooms are carpeted with plastered and emulsion walls, pendant and split. Still available at ListedBuy!
Posted:
July 17 2023 on Arnolds Keys - City & South County (via ListedBuy)
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Rochester Court Terraced house for sale - £ is a Vehicle for Sale in Norwich NFK. Find other listings by searching for Cars and Vehicles in Norwich on Oodle Classifieds.
Rochester Court Terraced house for sale - £ is a Vehicle for Sale in Norwich NFK. Find other listings by searching for Cars and Vehicles in Norwich on Oodle Classifieds.