Key Information
- 16 High quality apartments/30 bedrooms
- Gross rental income £184,872 per annum
- Low capital value of c. £94,000 per bed
- Price £2.8m/GIY 6.6%
- £2.8m
Burleigh Mews is a modern newbuild property built in 2007 consisting of 16 luxury apartments comprising 14 x 2 beds and 2 x 1 bed with secure under croft and surface parking to the rear of the property. Each apartment is allocated one car space, additional facilities include a lounge tearoom, outdoor seating and BBQ area, a small gym and canteen area. The apartments are fitted out to a high standard with Coach House furniture throughout and are let fully furnished on ASTs excluding utilities and council tax to a mix of professional individuals and local business's including Toyota& Burton Albion Football Club.
Location
The properties are well located on the northwest fringe of Derby City Centre just beyond the A601 ring road in what is now considered the professional quarter of the city. Burleigh Mews runs along Stafford Street and is approximately a 10-minute walk into the City Centre. Within the immediate vicinity is a mix of residential, professional and leisure uses including Derby University and Hospital, whilst Pride Park, Derby's Premier Business Park is approximately a 10-minute drive. Derby has a highly skilled workforce and in the Centre for Cities research Derby sits in the top 10 highest average wages in the UK with professionals and students attracted by the specialist hi-tech engineering roles at the likes of Rolls-Royce, Toyota and Bombardier.