Block of flats for sale

Iron Gate, Derby DE1

Our latest listing is a portfolio of 6 flats in Derby. They are currently generating steady, rewarding rental returns for the current landlord. For investors looking for a rewarding investment, this is a brilliant opportunity!

This multi-unit property consists of 6 bedrooms, lounge, kitchen and bathroom in good condition, including amenities like utility area and allocated parking space. It is situated in a city centre location with close proximity to local amenities and fantastic transport links throughout.

Investment Details

It currently produces an annual gross income of £50,136 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

Key Selling Advantage: Selling these six apartments to one investor would allow them to take over the management of the entire block. These units make up 50% of the block (12 apartments total), granting the investor the right-to-manage advantage.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.