What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network
Key financials
Profit pa£675,000
ROCE15%
Yield10%
Purchase £ £819,500
Property description
Strategy: Buy to Let
Prominent mixed-use freehold investment opportunity in the heart of Maidenhead, completed in 2018 and generating £1,500,000 per annum.
The asset combines strong income characteristics with a well-established tenant profile, including Santander and Greggs, together with high-quality resident amenities and clear future asset management potential.
Offered for sale at a purchase price of £15,000,000, the property presents an attractive opportunity to acquire a fully income-producing block with further development potential in the rear car park (STPP).
The Property Comprises
• 68 apartments
• 34 studios
• 30 one-bedroom apartments
• 4 x 2-bedroom apartments
• Total residential NSA: 29,392 sq ft
• 3 retail units
• Total commercial NIA: 5,111 sq ft
Additional Highlights
• 100% of residential units let
• 30 car parking spaces
• High-quality sky-level amenity including a games room, private dining room and co-working space
• EPC ratings of B & C
• EWS1 rating: B1
Financials:
▪ Purchase price: £15,000,000
▪ Annual profit: £675,000
▪ ROCE: 15%
▪ Gross yield: 10%
▪ Purchase costs (SDLT, legal costs insurance and Sourcing fee £15,000): £819,500
▪ Total investment required: £4,554,500
▪ Rental income PCM: £125,500
▪ Rental income PA: £1,500,000
▪ Monthly rental NET: £56,000
Further development potential in the rear car park, subject to planning permission.
Sourced reference: 121831376387231
Due diligence
No information supplied.
Location
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Key financials
Profit pa£675,000
ROCE15%
Yield10%
Purchase £ £819,500
Sales Agent
Besnik Vrapi
Lendwell Properties Limited
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What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network