Floorplan
Map
Area stats16 bedroom semi-detached house for sale
Key information
Features and description
- Development of 8 Houses
- Investment Opportunity
- 8x Two Bed Houses
- In need of some renovation
- Off Road Parking
- All Vacant Posession
- Freehold Properties
- Fantastic Opportunity
- Rental Estiamte £795 PCM*
- Viewings by appointment only
Own the whole street with this extrordinary opportunity to purchase a development of 8 houses in Lodge Court, Donnington. For sale via private treaty. Estimated Rental Returns of £795-£825 PCM. Offered with completely vacant possession across all 8 properties. Each property is a two bedroom house with private garden, open plan living / kitchen space, family bathroom and off road parking.
Purchase Options
1) £1.2m upfront with 50% of the incoming rents payable over 5 years.
2) Offers over £1.4m with a fast exchange and completion.
Tenure
The current owner constructed these properties circa 20 years ago and is now looking to offload. Each house is on an individual title whilst the main drive and parking area is also on a separate title. 8 Houses and the parking area are included in this Lot.
Property Condition
The properties are part renovated and require minor works before being able to let. Viewing is advised.
Rental
We have been advised and seen evidence of an offer of a 5 year deal to take all 8 houses at a rent of £850 PCM on a 5 year deal. The houses must be renovated to rental specification to be able to allow the assisted living company to take a 5 year lease.
VAT
No Vat is payable on this transaction.
EPC rating: A. Tenure: Freehold,
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