Petts Wood BR5

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?

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Posted By Acorn Commercial on 17th February, 2014

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