Acquired
Buckingham – 5 Studio Flats with Development Opportunity
9 St Rumbolds Lane, Buckingham MK18 1BXFreehold 5 Studios with Development Opportunity for Additional 2 Studios
Investment Consideration
- ERV once completed: £74,280 p.a.
- Discounted price due to uncomplete works on two of the studio flats
- Comprises 5 en-suite studios with kitchenette, double bed, TV, desk and bathroom
- Includes 2 en-suite studios under construction with most of the structural works done
- Conveniently located between Buckingham City Centre and The University of Buckingham
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises 5 newly refurbished studio flats and additional 2 studio flats under construction. Each of the 5 studios comprises kitchenette, double bed, TV, Desk and Shower Room/WC.
Studio 1: 14.2 sq m (153 sq ft)
Double Bed, Kitchenette, TV, Desk, En-suite
Studio 2: 13.5 sq m (145 sq ft)
Double Bed, Kitchenette, TV, Desk, En-suite
Studio 3: 13.8 sq m (149 sq ft)
Double Bed, Kitchenette, TV, Desk, En-suite
Studio 4: 13.0 sq m (140 sq ft)
Double Bed, Kitchenette, TV, Desk, En-suite
Studio 5: 16.3 sq m (175 sq ft)
Double Bed, Kitchenette, TV, Desk, En-suite
Under Construction
Studio 6: 13.5 sq m (145 sq ft)
Studio 7: 13.5 sq m (145 sq ft)
Studio 1: 14.2 sq m (153 sq ft)
Double Bed, Kitchenette, TV, Desk, En-suite
Studio 2: 13.5 sq m (145 sq ft)
Double Bed, Kitchenette, TV, Desk, En-suite
Studio 3: 13.8 sq m (149 sq ft)
Double Bed, Kitchenette, TV, Desk, En-suite
Studio 4: 13.0 sq m (140 sq ft)
Double Bed, Kitchenette, TV, Desk, En-suite
Studio 5: 16.3 sq m (175 sq ft)
Double Bed, Kitchenette, TV, Desk, En-suite
Under Construction
Studio 6: 13.5 sq m (145 sq ft)
Studio 7: 13.5 sq m (145 sq ft)
Tenancy Description
Studio 1 is let on AST to an Individual for a term of 12 Months from 14th December 2022 at a current rent of £10,200 per annum.
Studio 2 is let on AST to an Individual for a term of 12 Months from 9th December 2022 at a current rent of £10,200 per annum.
Studio 3 is let on AST to an Individual for a term of 12 Months from 24th October 2022 at a current rent of £10,800 per annum.
Studio 4 is let on AST to an Individual for a term of 12 Months from 4th January 2023 at a current rent of £10,080 per annum.
Studio 5 is let on AST to an Individual for a term of 12 Months from 30th September 2022 at a current rent of £11,400 per annum.
Studio 6 ERV of £10,800 per annum upon completion.
Studio 7 ERV of £10,800 per annum upon completion.
Studio 2 is let on AST to an Individual for a term of 12 Months from 9th December 2022 at a current rent of £10,200 per annum.
Studio 3 is let on AST to an Individual for a term of 12 Months from 24th October 2022 at a current rent of £10,800 per annum.
Studio 4 is let on AST to an Individual for a term of 12 Months from 4th January 2023 at a current rent of £10,080 per annum.
Studio 5 is let on AST to an Individual for a term of 12 Months from 30th September 2022 at a current rent of £11,400 per annum.
Studio 6 ERV of £10,800 per annum upon completion.
Studio 7 ERV of £10,800 per annum upon completion.
Tenancies & Accommodation
Location Description
Buckingham is a market town in north Buckinghamshire, England, close to the borders of Northamptonshire and Oxfordshire. Buckingham has a variety of restaurants and pubs, typical of a market town. It has a number of local shops, both national and independent. Market days are Tuesday and Saturday which take over Market Hill and the High Street cattle pens. The property is located within short walk from the High Street which occupies retailers such as WHSmith, Lloyds Bank, Barclays, Ladbrokes, Domino`s Pizza and many more.
Proximity to the University:
The property is situated 4 minute walk from the University of Buckingham.
Proximity to the University:
The property is situated 4 minute walk from the University of Buckingham.
