Property Details

Well Located High-quality Student Accommodation Near The University Of East Anglia (uea), Norwich Research Park And The Norfolk & Norwich University. Rochester Court, Edgeworth Road Consists Of 11 Properties, Let For 51 Weeks Of The Year. The Properties Benefit From Private Off-street Parking With Security Lighting, And Fully Maintained Landscaped Gardens. Gross Internal Area Of 12,359 Sq Ft (1,148.14 M2). Gross Income For 2022/23 Will Be: £270,060 Projected Income For 2023/2024: £286,800 Offers In The Region Of £3,500,000 For The Freehold Interest Based On The Current Projected Annual Income Profile. This Would Provide A Net Initial Yield Of 6.06%, After Allowing For The Usual Purchaser's Costs And Reflects A Capital Value Of £283 Per Sq Ft Of 12,359 Gia. This Property And Harvard Court Are Held In An Spv. Purchase Of The Company Can Be Arranged.