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High Wycombe - Freehold Residential Block Investment

For sale: £1,500,000.00|2,862 Sq Ft|Flat, Residential

Property details

FOR SALE£1,500,000.00
SIZE2,862 Sq Ft
ADDRESSStuart Lodge, Stuart Road, High Wycombe, Buckinghamshire, HP13 6AG
TYPEFlat, Residential
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON9th May 2024

Description

Investment Consideration:
Vacant possession
ERV: £96,000 p.a. GIY: 6.40%
SPV can be purchased to minimize stamp duty
VAT is NOT applicable to this property
Comprises residential block of 5 apartments (2 x 2-Bed, 2 x 1-Bed and 1 x 3-Bed)
Benefits from 5 parking spaces, 4 of which have EV charging points
The property has been newly extended/converted to a high standard
Each apartment features high ceilings, newly fitted sash windows and fully equipped kitchens with a washing machine and dishwasher, Situated in an affluent residential area of High Wycombe, within 9-min walk from High Wycombe High Street and Train Station, providing direct services to London Marylebone with journey time of approx. 30 minutes.
High Street retail occupiers include Sainsbury`s Superstore, Starbucks, McDonalds, KFC, Burger King, Costa Coffee, The Gym Group, JD Wetherspoon and many more.
Junction 4 of M40 is 1.7 miles away (4 min drive) providing great transport links to other principal towns in the Greater Thames Valley region.

Property Description:
Comprises detached residential block of 5 apartments
(2 x 2-Bed, 2 x 1-Bed and 1 x 3-Bed). The property has been newly extended/converted to a high standard and benefits from 5 car parking spaces, providing the following accommodation and dimensions:
Ground Floor:
Apartment 1 - 37 sq m (398 sq ft)
1 Bedroom, kitchen/living room, bathrooms
Apartment 2 - 67 sq m (721 sq ft)
2 Bedrooms, kitchen/living room, 2 bathrooms
First Floor:
Apartment 3 - 58 sq m (624 sq ft)
2 Bedrooms, kitchen/living room, 2 bathrooms
Apartment 4 - 37 sq m (398 sq ft)
1 Bedroom, kitchen/living room, bathrooms
Second Floor:
Apartment 5 - 67 sq m (721 sq ft)
3 Bedrooms, kitchen/living room, 2 bathrooms

Total residential GIA: 266 sq m (2,862 sq ft)

Location:
High Wycombe is strategically located on the M40 motorway 30 miles west of Central London and excellent road communications are available to other principal towns in the Greater Thames Valley region. The property is situated in an affluent residential area of High Wycombe, on the west side of Stuart Road. There are very good train services to London Marylebone with a fastest journey time of approximately 30 minutes. Stuart Lodge is located 1.7 miles from M40 Junction 4 and a 9-minute walk from High Wycombe Train Station.

Location

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Location: Stuart Lodge, Stuart Road, High Wycombe, Buckinghamshire, HP13 6AG

Amersham (6.5 miles)

Chesham (7.7 miles)

Chalfont & Latimer (8.2 miles)

High Wycombe (0.2 miles)

Bourne End (3.7 miles)

Marlow (4.1 miles)

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