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For Sale£3,500,000.00

Lombard Court, 15-21 Lombard Street, Lichfield, WS13 6DP

Mixed Use, Other Property Types & Opportunities , 10646 Sq Ft
Property type: Mixed Use, Other Property Types & Opportunities
Tenure: Investment Opportunity, For Sale Freehold
Size: 10646 Sq Ft
Price: £3,500,000.00
Location: Lombard Court, 15-21 Lombard Street, Lichfield, WS13 6DP

- Attractive unbroken Freehold residential investment located in the cathedral city of Lichfield.
- Central location close to a number of amenities and Lichfield Train Station.
- Total of 14 apartments and 1 commercial unit extending to a total aggregate residential GIA of 10,646 sq. ft.
- Currently 100% let on Assured Shorthold Tenancies and 1 commercial lease producing a collective gross income of £144,160 per annum.
- Estimated rental in the region of £151,093 per annum.
- 14 car parking spaces to the rear of the property held on a long leasehold arrangement.
- Significant discount to individual apartment sales breakup value.
- Offers invited in the region of £3,500,000 (Three Million Five Hundred Thousand Pounds).
- An acquisition at this level reflects a discount to breakup in excess of 15% and reflects a gross yield on gross ERV of 4.23%, assuming a capital value of £60,000 attributable to the retail accommodation, a low residential capital value of £323 per sq. ft. overall.

( Agency Pilot Software Ref: 2038907 )
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