"Freehold Block of 12 Apartments in Hampshire on 10-Year Lease"

Sourced are pleased to offer for sale this freehold block of 10 x 1-bedroom and 2 x 2-bedroom new build apartments in Hampshire. Leased to a local provider on a 10 year FRI lease at £187,000 pa.

The apartments are above a commercial unit which is also available for sale at £300k with lease to be renewed for 5 years at £30,000 pa. These figures arent included below.

The financials: (cash)
▪ Purchase price: £2,200,000
▪ Annual profit: £187,200
▪ Annual rent: £187,200
▪ ROCE: 27%
▪ Gross yield: 8.5%
▪ Net yield: 8.5%


The financials:(mortgage at 7.5%)
▪ Purchase price: £2,200,000
▪ Annual profit: £63,450
▪ Annual rent: £187,200
▪ ROCE: 9%
▪ Gross yield: 8.5%
▪ Net yield: 3%

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.