Arnolds Keys, Norwich
This listing was posted on Arnolds Keys, Norwich (via ListedBuy).
£2,700,000
Terraced house for sale in Harvard Court, NR2
Price:
£2,700,000
Summary:
Used 2004
Location:
Norwich, Norfolk
Description:
Fully Let Student Accommodation Investment Description - Highly prominent fully let student accommodation investment in a prime position in Norwich, within walking and cycling distance to the university of East Anglia and Norwich University of the Arts (NUA) and the City centre. Consisting of 8 Properties, let for 51 weeks of the year. Enclosed private parking, large cycle shelter, and security lighting. Gross internal area of 10,176 sq ft (945,38 m2). Gross income for 2022/2023 will be: £213,840. Projected income for 2023/2024: £229,800. Offers in the region of £2,700,000 for the freehold interest. Based on the current projected annual income profile, this would provide a net initial yield of 6.33%, after allowing for the usual purchaser's costs, and reflects a capital value of £265 per sqft of 10,176 GIA. This property is held in an SPV. Purchase of the company can be arranged. Accommodation - Harvard Court provides an attractive investment of 8 similar student properties, let for 51 weeks of the year allowing 1 week of handover for the incoming tenants. They were purpose-built in 2004 and are all of the same configuration internally. The ground floors provide an open plan kitchen/living accommodation, with French doors to the rear gardens and one en-suite bedroom. The first floors provide three bedrooms, two ensuite, one with a private bathroom and the second floor, a large ensuite studio bedroom. They have been well maintained and actively managed, and are in very good decorative order with laminate, tiled and carpet flooring throughout the communal areas. The bedrooms are carpeted with plastered and emulsion walls, pendant and split lighting and UPVC double glazed windows. Externally, there is a communal garden to the rear, with de-marked areas for each dwelling, accessed via UPVC double. Still available at ListedBuy!
Posted:
July 3 2023 on ListedBuy
Visit Our Partner Website
This listing was posted on another website. Click here to open: Go to Arnolds Keys, Norwich (via ListedBuy)
Important Safety Tips
- Meet the seller and test drive before you buy.
- Be cautious of underpriced items.
- Don’t wire money or take advance payments.
- Only pay for shipping if you know the seller.
To learn more, visit the Safety Center or click here to report this listing.
More About this Listing: Terraced house for sale in Harvard Court, NR2
Terraced house for sale in Harvard Court, NR2 is a 2004 Vehicle for Sale in Norwich NFK. Find other listings by searching for 2004 Cars and Vehicles in Norwich on Oodle Classifieds.
Terraced house for sale in Harvard Court, NR2 is a 2004 Vehicle for Sale in Norwich NFK. Find other listings by searching for 2004 Cars and Vehicles in Norwich on Oodle Classifieds.