***ATTENTION INVESTORS***HMO INVESTMENT OPPORTUNITY IN CENTRAL OXFORD – DETACHED BLOCK OF SIX PURPOSE BUILT APARTMENTS***
Premier are delighted to offer for sale a block of six purpose built, three bedroom HMO apartments in the highly sought after development of Venneit Close, Central Oxford.
The apartments are situated within a three storey block, in a prime location just 20 minutes' walk to the city centre and 10 minutes' walk to Oxford Train Station. Jericho is also a 10 minute walk away with its vibrant community and cafe culture, restaurants and delicatessens. Due to their superior location, they generate a lot of interest from both Oxford Students and professionals alike.
Each apartment comprises of an entrance hallway, open plan living room, fitted kitchen, three bedrooms, bathroom and shower room. The properties further benefit from gas central heating, double glazing and also boasts intercom entry system and access to well-maintained communal gardens.
There off road parking available for drop off and pick up at the apartments.
The properties are currently all let on assured short hold tenancies, achieving approximately 6.35% gross yield based on a return of £11,250 per calendar month.
These apartments have had no void periods (other than the exception for tenancy change overs for the past 15 years.)
Flat 13: 14/09/2018 to 13/09/2021 @ £1875.00pcm
Flat 14: 19/09/2018 to 18/09/2021 @ £1875.00pcm
Flat 15: 14/08/2018 to 03/08/2021 @ £1875.00pcm
Flat 16: 20/07/2020 to 19/07/2021 @ £1875.00pcm
Flat 17: 15/09/2018 to 14/09/2021 @ £1875.00pcm
Flat 18: 07/09/2018 to 06/09/2021 @ £1875.00pcm
Ground rent: £125.00 per annum payable on 1st January. Service Charge: £1400.00 per annum payable in six monthly on 1st January and 1st July.