Lodge Court

Donnington Wood, Telford, TF2

Tenure: Freehold

Imagine owning your own street ! That is the proposition available at Lodge Court, Donnington. Offered for sale is a development of 10 two bedroom houses with open plan living spaces, guest cloakrooms, private gardens and plenty of off road parking. All properties have been rented out through a private firm for the past 10 years and are currently being refurbished ready for re-let / sale. Estimated rental return £95,400 P/A based on £795 PCM on each property.

EPC rating: A. Council tax band: A, Tenure: Freehold,

History

Lodge Court was developed back the early 2000's and been rented out for the years to date. The owner is looking to now exit the rental market and is offering all 10 properties to be sold as a bundle to a new investor.

Method of Sale

Our client would prefer a sale based on staged payments for each property every 2-3 months with an exchange to commit to the pricing structure in advance.

Property Descriptions

Every property comprises of two bedrooms, an open plan living space, kitchen area, family bathroom, private garden and off road parking to the front.

Current Condition

Each property is currently in need of refurbishment which the current owner is prepared to complete. The current owner is also happy to discuss terms for taking the development in its current condition.

Anticipated Rents

Current rents suggest that £795 PCM is achievable on each property taking into account the amount of parking, private gardens and size of the properties. There is currently a high rental demand in this area.

VAT

We have been advised that there is no Vat applicable to the sale.

Management Company and Site

Please note that the development currently has no management company, service charge or road maintenance charge as the site has always been owned in its entirity by the current owner.