HIGH YIELDING PRIVATE RESIDENTIAL BLOCK - Newly converted residential investment with a new 5 year lease

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**ATTENTION INVESTORS - HIGH YIELDING PRIVATE RESIDENTIAL BLOCK**

A newly converted block of 3 x 1-bedroom apartments let on a new 5-year lease at £90,000pa with 5% rent increases per annum reflecting a blended net initial yield of 6.63% over the 5-year term.

The property is approximately a 9-minute walk from Parsons Green underground station providing direct and regular services into the city on the District Line.

The property is arranged across basement, ground, first and second floors. The apartments are across ground to second floor and extend in total area to approximately 1,452sqft NSA with the basement being used as ancillary
storage.

A new lease was signed 29th November 2022 for a 5-year term to a serviced housing provider at an annual rent of £90,000 with 5 % upward only rent reviews each year. There is a 3-year mutual break clause in the
lease.

The serviced apartment provider operates a short stay (minimum of 1 month) model and sublets to private and corporate tenants only (no council or DSS tenants).

Full details of the tenant can be made available once a potential purchaser has undertaken their full due diligence.