Flat for sale in Wise Court, Stable Road, Bicester OX26

Investment opportunity:

Wise Court

15 Unit Residential Investment Opportunity

Current return £112,500pa / 5% yield
Potential return £147,000 / 6.53% yield

Built in 2001 Wise court is a private development of 15 apartments, the apartments are all individually tenanted generating a gross annual revenue of £111,900, one apartment is retained by the current owner and will be offered with vacant possession ahead of completion.

All tenancies are 12 month AST’s with rents on the apartments below current market rates and offer the potential of increasing this yield further.
There is huge potential within this development to generate a gross revenue of £147,000 pa and a 6.25% yield.

The development is split into 10x self contained one bedroom apartments with a current average rent of £668pm, 5 studio apartments with an average rent of £650pm.

The development is currently listed on one title which could be split into individual titles.

Council tax Band A

Location
Bicester North Train Station 0.4 miles
Bicester Town Centre 0.8 miles
Bicester Village 1 mile
Junction 9, M40/A34 3.3 miles