Map1 bedroom apartment for sale
Key information
Features and description
- Tenure: Leasehold (250 years remaining)
- Completed and tenanted
- Immediate income of 8% on long term lets
- 10 mins walk to Stafford Station 30 mins by train to Birmingham, 60 mins to Manchester and 80 mins to London
- Parking is available at £5000 per space
- Lots of big companies within Stafford including Siemens, Unilever and AXA to name but a few
*BELOW MARKET VALUE - OPPORTUNITY FOR INVESTORS AND OWNER OCCUPIER *
Britannia House is our latest low-entry completed residential project located in the heart of England in Stafford. Britannia House features 32 apartments, a mix of 1 and 2 bedroom apartments that are already tenanted and let to locals on assured shorthold tenancies. With prices starting from as little as £98,500 offering a yield of up to 10% net makes this a very attractive opportunity for our investors.
All the apartments in this building have been built to an exceptional standard and contain everything a prospective tenant would need. All the properties are currently let and achieving yields north of 7% on long-term lets. With the high number of businesses and enterprises in the area as well as Stafford's limited appeal to tourists, recently there has been a growing demand for short-term lets in the area. With the leases on these apartments allowing for short-term lets, investors have the opportunity to increase the current 7% gross yield on AST's to a net yield of 10% net with short-term lets.
The building was completed in 2019 and also has on-site car parking for up to 23 cars.
About this developer
