- 34% ROCE per annum
- 11% gross yield
- Sold as going concern with tenants in situ
- Tenant operates in high demand sector
- £36,000 rent per annum
- 25 year lease with 15 year break clause
Sourced are delighted to present this converted storey residential opportunity located in Staffordshire, with an excellent gross yield of 11%.
The property is a converted two storey residential property operating as a complex needs emotional and behavioural disorder (EBD) home.
It has recently had a new boiler installed and benefits from mains gas central heating and sewerage.
The ground floor consists of a communal and administrative space, cloakroom/WC, kitchen, dining room, quiet room and rear lounge. Staff sleep on a pull out bed in the quiet room.
The first floor contains three young person's bedrooms with family bathroom with shower and staff office/bedroom with en suite WC/shower
The rear garden is enclosed, the drive also has a space for at least four cars.