Opportunity to purchase a 7 unit freehold block in Heanor (Derbyshire) generating £46,200 rent pa and gross yield of 8.8%
This is a pub to residential conversion
The works were completed in Spring 2021
The block comprises 7 x 1-bed apartments
Spread over 2 floors (ground and first floor)
EPC ratings of C
All apartments are let
Aggregate monthly rental income £3,850
Aggregate annual rental income £46,200
Aggregate gross yield 8.8%
The property is 0.7 miles south of the town centre
Langley Mill train stations is about 1.2 miles from the property
Heanor is a town in Derbyshire in the East Midlands. It lies around 11 miles north-east of Derby and 10.5 miles north-west of Nottingham.
Heanor no longer has a railway station, so the nearest station is around 2 miles away in Langley Mill. From here Northern Trains operate a service between Nottingham and Leeds via Sheffield, whilst East Midlands Railway trains run between Liverpool and Norwich.
The closest international airport is East Midlands Airport which is 18 miles away.