Income potential Present income £33.500 pa new income 34 units £180,000 pa
The property is well located to all local amenities including quality schools and colleges. The site is just under .25 of an acre and has recently had a change of use to residential There is some existing income from short term tenancies, however there is greater value in the site potential There is a high demand for modern apartments in the area and private rental is now achieving pre recession values Potential high returns for the right development in a high demand area
Present Income £33,200 pa rising to £36,200 pa Gross development income potential £306,000 pa
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