A freehold residential investment opportunity in Hinckley, Leicestershire, has been put up for sale for £1.5m+.
The joint fixed charge receivers have appointed Watling to sell The Moorings at Wharf Yard, which was completed in 2021 and features 14 apartments and duplexes.
The development comprises two one-bedroom apartments, six two-bedroom apartments, three two-bedroom duplex apartments and three three-bedroom duplex apartments.
All but one of the apartments are let and the development generates a passing rental income of £127,440 per annum, with an estimated rental value of approximately £150,000 per annum.
Ben Holyhead, associate director in Watling’s Birmingham office, said: “The Moorings is a modern residential investment, with a robust letting history since completion. The scheme offers asset management potential for a purchaser via rental uplift and letting of the vacant apartment. The rental market remains strong, with private residential rents increasing across the East Midlands by 3.8% over the last 12 months. We expect to receive a good level of interest in the property.”
