This property is no longer on the market
27 bedroom block of apartments
Key information
Property description & features
- PROJECTED ANNUAL INCOME OF £480,000
- OPEN TO JOINT VENTURE
- GUIDE PRICE £4,000,000 - £4,250,000
- 15 BRAND NEW MODERN APARTMENTS
- FULLY REFURBISHED INTERNALLY
- HIGH RETURN ON INVESTMENT
- PLANNING FOR 2 MORE UNITS
- CONTRACT SIGNED WITH LARGE LETTINGS COMPANY
- AT COMPLETION STAGE
- APARTMENTS FITTED WITH BRAND NEW APPLIANCES
Welcome to a unique real estate opportunity in the heart of Lowestoft - a stunning brand-new block of 15 modern apartments with exciting plans for an additional 2 apartments, development is at completion stage. Formerly an infamous old hotel in the area, this development has been meticulously transformed into contemporary residential and serviced accommodation.
Huge Projected Return: With a projected return of £480,000 per annum, this investment promises a lucrative income stream, making it an exceptional opportunity for savvy investors seeking substantial returns on their investment.
Partnership Opportunities: The current owner is also open to a joint venture, allowing you the unique chance to buy a percentage of this exceptional development. This collaborative approach ensures shared success and maximizes the potential for substantial monthly income.
Contracts with Leading Letting Company: To streamline operations and enhance your investment, contracts have been secured with one of the largest letting companies across the UK. Benefit from their expertise in managing the development, ensuring smooth operations and optimal returns.
Planning in Place for 2 Additional Apartments: The development comes with approved plans for the construction of 2 more apartments, adding further value and potential to this already impressive project.
Don't miss out on this once-in-a-lifetime opportunity to invest in a fully completed development, Contact us now to discuss your interest or joint venture options and secure your stake in this remarkable venture!
Bowden Bradley are the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information inaccurate.
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Property information from this agent
Places of interest
Bowden Bradley - Essex
Bansal House Bracken Industrial Estate 185 Forest Road Hainault, Essex IG6 3HX
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Property reference 32840535. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Bowden Bradley - Essex.
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Broadband availability and predicted speed: obtained from Ofcom on January 10, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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