No longer on the market
This property is no longer on the market
Map2 bedroom flat
Flat
2 beds
Key information
Features and description
- 23 private flats in new freehold block
- 23 designated parking spaces
- Fully let and producing £464,040pa
- Guide price - £6,350,500 F/H
- 7.3% gross yield and healthy discount on break up value
- Build completion less than 12 months ago - New build warranty
An exciting investment opportunity to purchase Block 2, Braeburn Heights, comprising of 23 new private flats (19 x 2 bed and 4 x 3 bed) in a part 4, part 5 storey brick building. There are 23 designated parking spaces of which 10 spaces are under the building at ground floor. Construction of the block was completed 12 months ago and Acorn's Built to Rent Division fully let the 23 flats to private tenants and are managing the block. The development is producing a rental income of £464,040pa which based on the guide price of £6,350,000 reflects a 7.3% gross yield. The break up GDV (not factoring in Help to Buy) is c.£7,330,000. The development is well located between Bluewater, Ebbsfleet International Station and Dartford with good access onto the M25 and A2. The development will be sold with a 10 year new build warranty.
Property information from this agent
About this agent
As one of London and Kent's most successful property companies with 35 years experience and 40 offices, we strive to deliver a service that is unparalleled by our competitors. Our team appreciate that your home is likely to be your most treasured asset. Therefore whether we are selling, letting or assisting in a purchase, our priority is to ensure each client is treated with care and consideration.