Commercial property for sale in Eaton Court, Vicarage Lane, Eaton, NG32

PROPERTY TYPE: Commercial Property
SIZE: Ask agent

Key features

Ideal Investment Opportunity
Freehold Site
Over 60's Complex
Ten Individual Bungalows
Annual Income in excess of £44,000 with Realistic Potential for over £60,000 Income
Well Maintained Development
Energy Rating: 1 Eaton Court – E, 2 Eaton Court – Pending, 3 Eaton Court – D, 4 Eaton Court – Pending, 5 Eaton Court – Pending, 6 Eaton Court – D, 7 Eaton Court – E, 8 Eaton Court – Pending
Council Tax Band: 1 Eaton Court-A, 2 Eaton Court-A, 3 Eaton Court-A, 4 Eaton Court-A, 5 Eaton Court-B, 6 Eaton Court-A, 7 Eaton Court-A, 8 Eaton Court-B
Tenure Freehold
Consisting of Six One Bedroom Freehold Bungalows and Two - Two Bedroom Freehold Bungalows

Description

An exciting opportunity for an investor to acquire this over 60's complex consisting of ten bungalows, eight of which are owned freehold and two are on long leasehold with a service charge income. Currently, the annual income for the development is in excess of £53,000 with potential to increase to around £61,760, assuming the properties are rented at a modest open market rent therefore generating a gross annual return in excess of 6%. The site itself is just over 0.5 acres of beautifully kept and landscaped grounds which include a central communal courtyard and individual courtyard gardens for the properties. There is a parking court with allocated parking for each property and a double garage which is currently used by the owner of the development. The site is ideally located in the village of Eaton which is a highly regarded village within the Vale of Belvoir. Further information on the figures and individual properties can be provided upon request.

Location

Brochures

Particulars

Energy Performance Certificates

Epc 1 Eaton Court Epc 3 Eaton Court Epc 6 Eaton Court Epc 7 Eaton Court