UNITS 2 & 3 WILFORD GROVE


January 21, 2015

Investment News

Acting on behalf of our client, Wilfrid Whittington Limited, FHP is pleased to announce the sale of Units 2 and 3 Wilford Grove.

The properties were constructed approximately 18 – 24 months ago and let at rent of £575 pcm, with an ERV of £600 – £625 pcm.  Each property comprises a ground floor living area with separate WC and fully fitted kitchen to the rear.  At first floor level there are two bedrooms and a separate bathroom.  The second floor consists of a bedroom with onsite bathroom facilities.  Each room has the benefit of a dedicated car parking space.

The properties were sold for a combined value to a private purchaser of £217,000, representing a gross yield before costs based upon the current income of 6.35%. 

Noel Roper of FHP who acted on behalf of Wilfrid Whittington throughout commented:-

“We are pleased to complete the sale of some further investments on behalf of our client’s Wilfrid Whittington.  These properties were built on the site of Whittingham’s previous depot and form part of a larger development of 9 houses arranged in two sections, six fronting onto Wilford Grove and three fronting onto Mundella Road”.

FHP has already acted on behalf of the Vendor’s in respect of the sale of the properties on Mundella Road.

END

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