LRG, under its Three Sixty Space brand, has announced the launch for sale of a significant property in Harlow, Essex. Comprising of over 26,000 sq ft of living space plus car parking, Peartree House, contains 26 apartments, all of which are tenanted.
On the market for £5,000,000, this freehold building was refurbished to a high standard three years ago attracts a yield of 6.58%. Revenue from rents totals £329,990 pa.
Peartree House has 8 one-bed apartments and 18 two-bed apartments, with a variety of sun terraces and mezzanines offering spacious modern living.
The building is located within the desirable CM20 postcode and in close proximity to Old Harlow which offers shops, cafés and restaurants. It is a 14-minute walk to Harlow Mill train station which has a direct connection to Tottenham Hale, Stratford and London Liverpool Street. Stansted International Airport is just a 15-minute drive and the nearby M11 (junctions 7 and 7a) provides good access to London and Cambridge.
Andy Jones, Group Director of Corporate & Build to Rent at LRG, “We are very pleased to offer this substantial opportunity, which provides and excellent return on investment. As renting is of unsurpassed popularity in Harlow, we anticipate significant interest.”
Paul Johnston, Head Of Corporate Sales at LRG, “We are seeing a growing interest from PRS portfolio landlords, who recognise the need for professional guidance when entering or exiting the market. This is an excellent opportunity to start or expand a current portfolio.”
Further details can be obtained from the data room via email@example.com