OPPORTUNITIES IN THE UK
- Investment / development opportunity
- Offers invited
- 6 of the 18 units occupied producing £16,620 per annum
- ERV of £52,620*
*Please note that our opinion of ERV is subject to undertaking works to bring the properties into a reasonable condition.
The portfolio being offered for sale comprises 18 residential units that are either vacant or let by way of Assured Shorthold Tenancy Agreements.
Within the portfolio 6 properties are occupied (33%). These properties are currently under management from a sole agent.
Location & Description
The portfolio offers properties located in Easington, a town on the east coast in County Durham.
The properties offer affordable accommodation in an area suited to the rental market.
A number of the properties are vacant and require modernisation, offering parties the opportunity to refurbish and increase the rental value. A detailed breakdown of the current occupancy will be provided upon request.
The Disposal Process
We are instructed as the Receivers sole agent to market the portfolio by way of private treaty. Our clients will consider both offers for the entire portfolio and also proposals for individual properties or multiple lots.
Energy Performance Certificates
Please note the Energy Performance certificates are available upon request.
The properties are held freehold under land registry number DU260150. The freehold (outlined in red) is held subject to the exclusion of the rights to mines and minerals (shaded in pink and blue) which were transferred in two separate conveyances dated 7th April 1995 and 21st June 1995
Strictly by prior arrangement with MENVO. We are to organise an open viewing day. Further details will be available on request.
Accommodation Tenancy Schedule