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CastleView House

Development Details

Starting From:

£55,000

Number of units:

14

Completion:

1st March 2018

Location:

East Lane, Runcorn, WA7 7DN United Kingdom

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sold out

CastleView House

Development Details

Starting From:

£55,000

Number of units:

14

Completion:

1st March 2018

Location:

East Lane, Runcorn, WA7 7DN United Kingdom

Key Highlights

8% NET rental income assured for 3 years

Already built - Conversion to apartments

Close proximity to Liverpool and Manchester

By train from Runcorn to London 2 hours

Information on CastleView House

  • Overview
  • Studio Apartment
  • 1 Bedroom Apt
  • 2 Bedroom Apt
  • Inventory
  • Location
  • Comparables
  • Video
  • Due Diligence
  • Market Due Diligence
  • Availabilty

14 x Studio Apartment
£55,000

194 x 1 Bedroom Apartment
£65,000

34 x 2 Bedroom Apartment
£80,000

Total Purchase Price
£16,100,000

Gross rental yield
9.8%

Net rental yield
8.0%

Net rental yield is assured for 3 years

Service Charge

  • £400 pa - per studio £5,600 pa
  • £475 pa - per 1 bed apartment £92,150 pa
  • £525 pa - per 2bed apartment £17,850 pa

 

Ground Rent

  • £300 pa per apartment £72,600 pa

 

Lease

  • 125 Years from 2017

 

ResInvest are delighted to offer these well presented apartments located within this splendid conversion in the area of Runcorn. All apartments are newly built to a high standard in this converted office building.

Castleview House will include parking for every apartment, plus electric gated entry to the site for tenants. A concierge on site service and secure fob entry will also be provided. Operating already is the Butterflies Day Nursery, a 0-5 years childcare business in a separate building on the site grounds. A communal courtyard is available for all apartments.

The fantastic location offers everything Merseyside has to offer on the doorstep including Liverpool John Lennon Airport, Universities and Colleges. The property is within walking distance of the largest shopping centre in Runcorn. Runcorn Shopping Centre, previously known as Halton Lea comprises over 85 shopping units including banks, bakeries, clothing shops, electrical shops and general supermarkets. In addition the adjacent Trident Park includes a huge multiscreen cinema and many other large retail outlets.

Request more information for CastleView House

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Location

Distance to Key Amenities

Liverpool John Lennon Airport
17 minutes

Liverpool Town Centre
35 minutes

Manchester Town Centre
43 minutes

Liverpool John Lennon Airport
13 minutes

Liverpool Town Centre
24 minutes

Manchester Town Centre
47 minutes

Nearest Local Train Station
5 minutes

Nearest National Train Station
3 miles

By train to London
2hrs

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