15 bedroom block of apartments for sale

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15 bedroom block of apartments for sale

Wise Court, Stable Road, Bicester, Oxfordshire, OX26
£2,000,000

Price History

Initial price £2,250,000
27/07/24 £1,500,000
15/10/24 £2,000,000
Price Change -11.11%

Description

This is an investment opportunity to purchase a freehold property, Wise Court, a private development of 15 apartments built in 2001. The apartments are all individually tenanted, generating a gross annual revenue of £112,500, with rents below current market rates, offering potential for increased yield. The development is split into 10 one-bedroom apartments and 5 studio apartments, with average rents of £677.50 and £650 per month, respectively. The property is located in Bicester, with proximity to Bicester North Train Station, town centre, and Bicester Village, as well as being close to Junction 9 of the M40/A34. The development is currently listed on one title, which could be split into individual titles.