Residential Investment Portfolio, East Belfast, Belfast

Features of this property

• Residential Property; Investment Property
• East Belfast, Residential Investment Portfolio comprising of 7 properties
• Total annual income £42,300 p.a.x
• 5No. townhouses and 2No. apartments
• Modern and in good condition

Property Description

This investment portfolio contains 7 properties located in East Belfast, 5 of which are mid terrace townhouses and 2 apartments. All the properties are recently constructed, gas heated with Upvc Double glazed.
A schedule is attached showing the breakdown of units in addition to rental information. Many of the tenants have been in occupation for a number of years and all of the properties contained within the portfolio are tenanted.
The total price of £600,000 represents a gross initial yield of 7%.
The Northern Ireland Housing Executive are responsible for the majority of the total monthly income. Therefore ongoing rental collections should be straighforward.
The property addresses are as follows:
10 Grovefield Street, BT6 8BA - 3 bed, 1 ensuite
1b Clara Avenue, BT5 5ER - 2 bed
31 Paxton Street, BT5 4QN - 3 bed, 1 ensuite
32 Paxton Street, BT5 4QN - 3 bed, 1 ensuite
49 Lewis Avenue, BT4 1FD - 3 bed
Apartment 7, 112 Templemore Avenue, BT5 4FX - 2 bed
Apartment 6, 135 Woodstock Road, BT6 8AB - 2 bed
We may consider offers on individual properties by seperate negotiation.

Location of Residential Investment Portfolio, Belfast