High-Yield Lodging House Investment – First TowerAn excellent income-producing opportunity located in the highly sought-after First Tower area. This substantial lodging house comprises 8 self-contained bedsits and a spacious 2-bedroom apartment, offering strong and diversified rental income.The property benefits from parking for all units plus an additional space allocated to the apartment, a valuable feature in this location. Residents also enjoy access to a communal garden, enhancing tenant appeal and long-term rental demand.Current rental income totals £99,600 per annum, generating a strong gross yield of approximately 10% at the asking price of £1m. The bedsits are each let at £800 per month, with the 2-bed apartment achieving £1,900 per month, reflecting solid market rents.This asset would suit investors seeking:Immediate, reliable incomeStrong yield in a prime locationMultiple income streams reducing void riskPotential for future rental growth or value enhancementA rare opportunity to acquire a well-performing residential investment in an established and desirable area.For further information please contact Bradley Vowden: [email redacted]
