Sale agreed Residential Investment Portfolio, Newtownards Down

Additional Information

This investment portfolio contains 14 properties. 13 of the properties are located in Newtownards whilst 1 is located in nearby Ballyhalbert. 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 £1,015,500 represents a gross initial yield of 8% with excellent prospects to improve upon this through a concerted programme of rent reviews in line with current market rates. The Northern Ireland Housing Executive are responsible for the majority of the total monthly income. Therefore ongoing rental collections should be straighforward with Tenants largely "topping up" only a small portion of the total income. The property addresses are as follows: 11 Pound Street, Newtownards 34 James Street, Newtownards 22 Lisbane Drive, Newtownards 4 Rathmullan Drive, Newtownards 92 Shackleton Walk, Newtownards 30 Eastmount, Newtownards 13 Ringhaddy Avenue, Newtownards 97 East Street, Newtownards 3 Spelga Place, Newtownards 69 East Street, Newtownards 23 Longfield Way, Ballyhalbert 18a Mark Street, Newtownards 9 Ardmillan Crescent, Newtownards 20 Queens Square, Newtownards

- Individual property details can be viewed on this website. Please search for details by the individual property addresses.