This is an amazing opportunity to purchase a probate property portfolio built up over 40 years consisting of 18 flats/maisonettes in Peterborough. Each flat is currently let with working tenants with AST and inventories in place and deposits are held in the appropriate deposit schemes. This portfolio generates over £120,000 in rental income per year. Leases on 13 flats range between 78 years to 90 years, and one block of 5 units holds a lease of 160 years. The purchaser can benefit from non-residential rate of SDLT due to purchasing 6 or more properties in a single transaction. Current management fees and service charges have been taken into account on the yield.

The financials:
▪ Purchase price: £1,300,000
▪ Annual profit: £51,546
▪ GDV: £1,440,000
▪ Gross yield: 10%
▪ ROI: 12%

▪ Rental income pa: £124,080
▪ Sourcing fee: 2% of purchase price

Please get in touch at keval@tareton.com or call 07746893696 to request more details.

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.