Such is demand for smaller investment lots that this property in Petts Wood recenctly sold for 6.9% NIY.
Sub 7% yields aren't uncommon for securely-let, small lots, but securely-let this was not!
All we were able to offer was a single page, homemade letting agreement with an 'expiry' date in 2015. Nevertheless, an establised local charity with an impeccable track record in making rent payments was sufficient to convince a local investor to take the plunge.
Our opinion? He bought well. Why? Solid location, close to good station, sensible rent, and reliable tenants. What is there not to like?Back to News
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