CPS are delighted to bring to the market this substantial investment opportunity with the chance to acquire 416 Antrim Road, Belfast. The block comprises of 7 self-contained apartments in the form of, 5 x 1-bedroom apartments and 2 x 2-bedroom apartments. This is fantastic accommodation and is ideally located on the highly sought Antrim Road, close to numerous local amenities. It would be sure to appeal to self-serviced accommodation and private rental accommodation.
The property in brief comprises 7 self-contained apartments, fully fitted kitchens and finished bathrooms. This property would be highly recommended for investment opportunity, due to its ideal and easily accessible location.
The building is presently rented at £3745 per month (see breakdown below).
Rental Income is as follows:
Flat 1 – (1 bedroom) £535pcm
Flat 2 – (1 bedroom) £525pcm
Flat 3 - (1 bedroom) £535pcm
Flat 4 – (2 bedroom) £550pcm
Flat 5 – (1 bedroom) £525pcm
Flat 6 – (2 bedroom) £550pcm
Flat 7 – (1 bedroom) £525pcm
Total rental income is £3745pcm / £44,940 per annum.
Calculating a total yield of 8.56%.
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