INVESTMENT OPPORTUNITY

A purpose built apartment block comprising five individual apartments set over three floors In a popular convenient location.

Constructed in 2008, Hawthorn Court has been a very successful investment for the current owners who now wish to relinquish and provides a fantastic opportunity for a new owner. The block comprises two one bedroom apartments, two two bedroom apartments and a fabulous two bedroom penthouse.

The one bedroom apartments comprise an entrance hall, open plan lounge/dining room with kitchen off, double bedroom and bathroom. The two bedroom apartments comprise an entrance hall, lounge/dining room, separate kitchen, two bedrooms and a bathroom. The penthouse comprises of an entrance hall, open plan living kitchen with lounge, dining room and kitchen, two bedrooms and a bathroom.

The block features allocated parking for each apartment and communal gardens. There is also a clothes drying area. The properties are accessed via a secure communal entrance hall with staircase to the upper floors.

The current rent per annum amounts to £38,520 which represents a gross yield of 7.7%. The agreed increases for March 2027 will increase the yield to 8.3% gross.

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The Location

The location is highly sought after, just off Stenson Road, offering easy access to a fabulous range of amenities in Stenson Fields, Sinfin and Littleover. These combine to offer a full range of amenities. There is a bus service that runs into the city centre and easy access towards nearby open countryside with excellent transport links. Good schooling is available within close proximity.

Tenure

Please note: the block is run by Hawthorn Court Management (Southcroft) LTD and there is a current service charge of £30/month per apartment.

Council Tax Band A & B

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