Alan J. Picken is delighted to offer two excellent residential freehold investment properties with secured lifetime leases on the market.
Both properties have pvc double glazing and gas-fired radiator heating. Both boilers have been renewed in recent years.
Our client advises us that neither of the tenants have missed a single rent payment since the day they purchased the properties, and both are on lifetime leases (not AST’s).
Residential Freehold Investment Property, Bradford, West Yorkshire £125,000
The property is traditional cavity wall construction under a tiled roof.
Briefly comprising a ground-floor kitchen, separate dining/study and large lounge with patio doors leading to garden. Upstairs, there are 3 bed rooms (2 double, 1 single) and family shower room.
Residential Freehold Investment Property, Gainsborough, Lincolnshire £100,000
The property is non-traditional construction; our client believes it has a steel frame and concrete panels under a steel frame roof clad with lightweight steel cladding. The steel cladding was completely renewed with Council approval in April 2011 following storm damage and the roof void subsequently insulated.
Rental Income:
Total income from both properties is circa £14,856, producing a yield of in excess of 6.5%.
Bradford: Passing rent £699 pcm with RPI review in June 2023; tenants in situ since 2008.
Gainsborough: Passing rent £539 pcm with yearly RPI review; tenants in situ since 2007.
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Residential Freehold Investment Properties £225,000
