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£2,000,000
Holywell Row, Mildenhall, A select freehold development of
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Price:
£2,000,000 Get Prequalified Today
Contact:
01223 352170
Location:
Eriswell and The Rows Ward, Suffolk
Description:
A select freehold development of nine individual properties forming a private cul de sac all currently let to USA Airforce personel on AST's located in the heart of the village within easy access of both Mildenhall and Lakenheath Airbases. Nine individual properties with a mixture of semi detached houses, bungalows and detached houses. The development produces a gross rent of £137,460 per annum with a nett income of £115,000 offering a return in the region of 5.75%. These figures are inclusive of both a 10% full management service and buildings insurance. The development is available as an investment portfolio and for sale as a whole.
LOCATION
Holywell Row is located just two and a half miles from Mildenhall Town centre and is well placed for access to Bury St Edmunds, Newmarket and Cambridge. There a range of local facilities within easy reach of the village in both Beck Row and Mildenhall town centre.
THE DEVELOPMENT
A development by Swallow Mead Developments Ltd comprising nine properties set in a cul de sac scheme in the herat of the village. The development backs onto open farm land and all the properties are thoughtfully designed with well proportioned living accommodation. The kitchens are fully fitted and the bathrooms are fitted with contemporary and modern suites. Each property has the benefit of oil fired central heating, double glazing and Zurich 10 year warranty.
NUMBER 1
A detached bungalow comprising - Entrance hall, living/dining room with doors to the garden, fitted kitchen, utility room, master bedroom with ensuite shower room, three further bedrooms, family bathroom, double garage, off street parking, gardens and oil fired central heating. Currently let for 1200 pcm - current AST expires on 16/01/2011
NUMBER 2
A semi detached house comprising - Entrance hall, cloakroom, fitted kitchen, living/dining room with French doors to the rear garden, landing, master bedroom with ensuite shower room, two further bedrooms, bathroom, front and rear gardens, off road car parking, double glazing, oil fired central heating and Zurich warranty. Currently let for 950 pcm - current AST expires on 01/04/2011
NUMBER 3
A semi detached house comprising - Entrance hall, cloakroom, fitted kitchen, living/dining room with French doors to the rear garden, landing, master bedroom with ensuite shower room, two further bedrooms, bathroom, front and rear gardens, off road car parking, double glazing, oil fired central heating and Zurich warranty. Currently let for 925 pcm - current AST expires on 16/11/2011
NUMBER 4
A detached bungalow on a corner plot - Entrance hall, fully fitted kitchen, sitting room with French doors to the garden, two bedrooms, family bathroom, lawned gardens, oil fired central heating and Zurich warranty. Currently let for 950 pcm - current AST expired on 14/09/2010
NUMBER 5
A thoughtfully designed detached house comprising - Entrance hall, cloakroom, fully fitted kitchen, utility room, sitting room with French doors to the rear garden, dining room, study, landing, master bedroom with ensuite dressing room and shower room, bedroom two with ensuite dressing room, two further bedrooms, family bathroom, lawned gardens backing on to farmland, oil fired central heating and double integral garage. Currently let for 1400 pcm - current AST expired on 19/10/2010
NUMBER 6
A substantial detached house backing onto open farmland comprising - Reception hall, cloakroom, living room with feature fire place and French doors to the garden, study, dining room, kitchen and utility room, first floor landing, master bedroom with ensuite shower room, three further bedrooms, family bathroom, second floor landing, two double bedrooms and shower room, front and rear gardens, detached double garage, views over open farmland and oil fired central heating. Currently let for 1600 pcm - current AST expires on 23/08/2011
NUMBER 7
A deatched house with double garage comprising - Entrance hall, cloakroom, living/dining room with French doors to the rear garden, study, fully fitted kitchen, utility room with door to the garage, landing, master bedroom with ensuite shower room, three further bedrooms, family bathroom, front and rear gardens, double garage, oil fired central heating, Zurich warranty and double glazing. Currently let for 2120 pcm - current AST expired on 27/10/2010
NUMBER 8
A deatched house with double garage comprising - Entrance hall, cloakroom, living/dining room with French doors to the rear garden, study, fully fitted kitchen, utility room with door to the garage, landing, master bedroom with ensuite shower room, three further bedrooms, family bathroom, front and rear gardens, double garage, oil fired central heating, Zurich warranty and double glazing. Currently let for 1400 pcm - current AST expired on 1/06/2011
NUMBER 9
A detached bungalow in pleasant gardens comprising - Entrance hall, sitting room with French doors to the rear garden, fully fitted kitchen with integrated appliances, master bedroom with ensuite shower room, two further bedrooms, bathroom, off road car parking space, lawned gardens, double glazing, oil fired central heating and 10 year Zurich warranty. Currently let for 925 pcm - current AST expired on 23/11/2011
INCOME AND CHARGES
The gross current rent roll is 137,460 per annum and all properties are let on AST's. A copy of each of the current tenancies is avaibale upon request. There are a few extras included in some of the rents with extras such as gardening, electric, oil and water. These have been included in the nett income along with the current buildings insurance premium and an allocation for the appointment of a Property Management Company at a fee of 10% for full management. This leaves a nett income of circa 115,000 which is a return of approximately 5.75%.
For further details about the management service avialable please contact our Cambridge office on 01223 352170 and ask for either John Lorimer or Kane Astin.
SITE PLAN
for identification purposes only
LOCATION PLAN
for identification purposes only
ADDITIONAL INFORMATION
TENURE - Freehold of the entire development
POSTCODE - IP28 8LS
COUNCIL TAX - TBC for each individual property
SERVICES - All mains services are believed to be connected to the property
LOCAL AUTHORITY - Forest Heath District Council
FIXTURES & FITTINGS - Unless specifically mentioned in these particulars all fixtures and fittings are expressly excluded from the sale
VIEWINGS - Strictly through the vendors selling agents 01223 460000
DRAFT PARTICULARS
AWAITING VENDORS APPROVAL
These sales particulars do not constitute, nor constitute any part of, an offer or contract. We have not carried out a structural survey nor tested any of the mains services, appliances or specific fittings.
Property Type:
Single-Family Houses
Amenities:
Parking
For sale by:
Agent/Broker
Phone:
01223 352170
Posted:
Contact:
01223 352170
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Let me know if you have any questions. – St Andrews Bureau
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More About this Listing: Holywell Row, Mildenhall, A select freehold development of
Holywell Row, Mildenhall, A select freehold development of is a Houses for Sale in Eriswell and The Rows Ward SFK. Find other listings like Holywell Row, Mildenhall, A select freehold development of by searching Oodle Marketplace for Houses for Sale in Eriswell and The Rows Ward SFK.
Holywell Row, Mildenhall, A select freehold development of is a Houses for Sale in Eriswell and The Rows Ward SFK. Find other listings like Holywell Row, Mildenhall, A select freehold development of by searching Oodle Marketplace for Houses for Sale in Eriswell and The Rows Ward SFK.