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Virginia House The Butts

42 Unit Block of Flats £2,750,000 (£65,476/Unit) 4.95% Net Initial Yield Worcester WR1 3PA

Block of Flats Worcestershire Worcester The Butts, Worcester, WOR WR1 3PA

Investment Highlights

  • Long income student investment with 123 years unexpired
  • Amenities include cinema room, gym, dining and recreational areas
  • The property Comprises 18 studio rooms, 12 studio deluxe and 12 double rooms
  • Situated in Worcester City Centre

Executive Summary

The property is available for offers in excess of 2,750,000 for the freehold interest, based upon the topped up rent of £145,000 per annum, a purchase at this level reflects a net initial yield of 4.95%.

Attachments

Virginia House Worcester. FINAL BROCHURE

Property Facts

Price £2,750,000 Property Subtype Apartment
Price Per Unit £65,476 Apartment Style Mid Rise
Sale Type Investment Building Class B
Net Initial Yield 4.95% Lot Size 0.23 AC
Tenure Freehold Building Size 15,332 SF
No. Units 42 Number of Floors 4
Property Type Residential Year Built/Renovated 1979/2020
Price £2,750,000
Price Per Unit £65,476
Sale Type Investment
Net Initial Yield 4.95%
Tenure Freehold
No. Units 42
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.23 AC
Building Size 15,332 SF
Number of Floors 4
Year Built/Renovated 1979/2020

Unit Amenities

  • Microwave
  • Kitchen
  • Oven
  • Wi-Fi

Site Amenities

  • Wi-Fi

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 30 - -
2+2 12 - -
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+44 121 200 4500

Contacts

  • Listing ID: 25869375

  • Date on Market: 07/06/2022

  • Last Updated:

  • Address: The Butts, Worcester WR1 3PA

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Virginia House | The Butts
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Richard Lingen

+44 121 200 4500

+44 121 200 4500

Nick Wood

+44 121 200 4574

+44 121 200 4574

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