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Hertfordshire Portfolio For Sale - Development Opportunity Stpp
Plot For Sale in Hertfordshire Portfolio For Sale - Development Opportunity Stpp
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Guide price£4,000,000
Plot
Listed 177 days ago (Oct 1, 2023)Available
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Property description:
** PORTFOLIO FOR SALE WITH DEVELOPMENT OPPORTUNITY STPP ** Westwood
Leber are delighted to bring to the market a fantastic portfolio in
Essex comprising 7 residential properties within a stunning Grade
II listed conversion made up of 9 luxury apartments. Sale will
include the freehold to this exclusive development providing
excellent asset management and break up opportunities at a
significant discount to the VPV as well as a plot of land perfect
for further development stpp.
A purchase at this level would reflect a gross initial yield of
4.96% based upon existing rent and 6% based upon ERV . **The
current yield and ERV does not account for the capital growth
considering the development opportunity.**
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