Summary
An exciting opportunity to acquire a fully stabilised high yielding residential investment opportunity
The property is exceptionally well located for accessing local amenities and is just a 2 minute walk from the Princes Mead shopping centre.
The apartments are located on the eastern and western sides of Queensmead, the prime retail location within Farnborough.
Located just an 8 minute walk from the station, residents benefit from fantastic transport links with commute times into London Waterloo standing at just 38 minutes. Many residents take advantage of this option and commute daily into the city.
Synonymous throughout the world with aviation, Farnborough has embraced its links with aerospace to become a world leading centre of technological development and is home to companies including Airbus, Qinetiq and Fluor.
The town forms part of Blackwater Valley, a globally recognised commercial hub with major employers including BAE Systems, IBM, Siemens, Virgin Media, Serco and BMW.
Over £150 million has recently been invested into The Meads' project in the direct vicinity of the portfolio.
17,095 sq ft GIA over 24 maisonettes
Total rent of £355,500 per annum
Gross initial yield of 6.77%
Fully occupied
Significant town centre regeneration plan
Company sale available