18 bedroom Flat/Apartment 259-263 High Street

Introducing a remarkable investment opportunity at 259 – 263 High Street, projected to achieve a rental income of £187,105.44 for the 25/26 academic year. This well-established asset has demonstrated consistent growth in rental returns, with £177,276 collected during the 24/25 year, and £172,707 in 23/24, reflecting a resilient annual increase in line with recent inflation trends. This property offers an impressive 11.69% gross return on investment, making it an attractive choice for investors.

Originally redeveloped in 2017, this mixed-use premises encompasses 8 self-contained studios, 10 en-suite cluster bedrooms, and 3 commercial retail spaces on the ground floor. The diverse layout not only maximises rental potential but also enhances the property’s overall appeal.

A key advantage for buyers is the property’s non-residential Land Transaction Tax classification, due to its mixed use, resulting in favorable tax conditions. The non-residential freehold is valued at £73,750 on a total valuation of £1,600,000, calculated with a tiered structure: 0% up to £225,000, 1% from £225,000 to £250,000, 5% from £250,000 to £1,000,000, and 6% for amounts above £1,000,000.

Interiors meet modern standards with contract-grade furnishings by Loft, offering high-quality living for tenants. Features include bespoke fitted furniture with Green Grey Evola wood grain, durable Clerkenwell Gloss kitchen slabs, and elegant Luxury Vinyl Tiles throughout, providing resilience and comfort.

Additional amenities include an independent bin store and onsite laundry room, enhancing convenience for residents. Each room is equipped with electric heating and individual controls.

This property presents a compelling investment with modern solutions tailored to contemporary living. Don’t miss the chance to add this outstanding asset to your portfolio!