For Sale 16 Bed Apartment 

Victoria Road, £3,000,000

Property Features

Location:
Victoria Road, Chelmsford, CM1 1NZ
Bedrooms:16

Contact Agent

Charles David Casson Estates (Chelmsford), Chelmsford Office

About the Property

PORTFOLIO SALE 7 apartments with strong lettings history & 1 Commercial Unit. Close to Station and University. 7 x 2 Bed 2 Bath Apartments with balconies producing £97,800 per annum. Potential to increase to £100k in 2021/22.
1 x Commercial Unit Producing £24,000 per annum. CALL FOR FULL DETAILS

  • INVESTMENT PORTFOLIO
  • 7 APARTMENTS
  • 2 BEDROOM, 2 BATHROOM
  • BALCONIES
  • FREEHOLD BY SEPERATE NEGOTIATION
  • WALKING DISTANCE TO STATION
  • WALKING DISTANCE TO UNIVERSITY
  • STRONG LETTINGS HISTORY
  • FULL MANAGEMENT AVAILABLE
  • PRESTIGIOUS DEVELOPMENT

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Property Details

Description

Chelmsford City Centre Investment, 8 Flats with Strong Lettings History & 1 Commercial Unit
Close to Station and University
8 x 2 Bed 2 Bath Flats with Balconies Producing £108k per annum. Rent same for 2 years so opportunity to increase to £113k in 2021/22.
1 x Commercial Unit Producing £24k per annum (18 months remaining, tenant would vacate prior to suit) Opportunity to convert to further residential unit.
Let on 1 year AST's with 167 of possible 170 rent payments being received mostly through lockdown.
8 years Build Zone Warranty remaining.
Company Sale possible. Company was the developer.
O.I.E.O £3.4m representing 4% Yield with anticipated rent increases.
Freehold available on request which includes 3 further flats and 1 commercial unit, all sold.

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