Coppice Close, Hinckley
- Comprising a terrace of 4 two bedroom bungalows
- Gardens and five garages en bloc
- Highly sought after residential location
- Low passing rent of £25,095 per annum
- Estimated rental value (when refurbished) £45,000 per annum
For Sale: £650,000 Offers over
8 Bedrooms
Description
This is a rare opportunity to acquire an attractive freehold residential investment portfolio which has been in the ownership of the current owners from new.
The portfolio comprises a terrace of 4 two bedroom bungalows in a sought after cul-de-sac location in Hinckley.
The bungalows are constructed in cavity brickwork surmounted by pitched and tiled roofs and benefit from UPVC double glazing together with electric heating. 29 Coppice Close has been fully renovated to a high standard whilst 23, 25 & 27 require a degree of modernisation.
There is a block of 5 garages adjacent to 23 Coppice Close for the use of the dwellings, with one rented to a third party.
Location
The subject properties are situated on Coppice Close which forms part of the favoured Stoneygate residential housing estate lying just over 1 mile to the north of Hinckley town centre. The properties occupy a sought after cul de sac position, within easy walking distance of local bus routes, local shops and also an Asda superstore.
Hinckley is a popular Leicestershire market town with a population in the order of 55,000 (Local Authority 112,000) lying approximately 13 miles to the south west of Leicester. The town enjoys good motorway connections with junction 1 of the M69, being located on the south eastern fringe of the conurbation approximately 2 miles from the town centre.
Services
Mains electricity, water and drainage services are connected to the subject properties. Heating is provided by way of electric heating to each property.
Tenure
The Freehold interests in the subject properties are available to be acquired as a complete freehold residential investment opportunity, subject to the current occupational tenancies (and vacant possession at 23), at an asking price of offers over £650,000.
The properties are held on separate freehold titles.
Legal Costs
Each party to bear their own legal costs.
Energy Performance Certificate
EPC Ratings - 23 - E(51), 25 - D(59), 27 - D(55) and 29 - E(52