Portchester Heights Exeter, EX4

12 well configured modern two bedroom apartments, each with their own balcony and use of the communal external patio areas to the rear at first floor level. Each unit is centrally heated via independent gas boilers and 7 of the apartments have recently been fully refurbished with new kitchen and bathroom fittings. Each apartment has its own gas, electric and water meter.

125 year long leasehold interest from April 2000 at a peppercorn rent.

We are instructed to sell the long leasehold interest with the benefit of the existing assured shorthold tenancies at £1,375,000 subject to contract. This price will provide an investor with a gross return of 7.42%.