London Heights is a collection of newly developed 12 x 1 bedroom apartments of highest quality and specification that are new, modern and opulent living for the professional market.
The property is rented to professionals with a rent roll of £120,000 per annum.
It is situated in Camberley, 35 minutes from London in an area that is being regenerated to create an exceptional area to live and work (see attachment)
There is also an additional ability to add value by way of adding another floor to the building to create 2 penthouse apartments. Planning already granted for this in 2019.
The building has a full 10-year build warranty
The property was valued by Savills in March 2020 at £2,615,000. After the works to add the 2 new apartments, the property would be worth £3,000,000. This is not accounting for the capital value rise in the area once all the regeneration has been completed.
A managing agent can be arranged for any prospective buyer making this a completely hands-off investment opportunity.
This would suit anyone who wants to capitalize on the opportunity to acquire an income-producing asset in a strong area of capital growth that provides buyers the chance to also add further value in the future.