Cricklade Road, Swindon – Investment and development Property
- Great area for residential lettings
- Opportunity for further development and returns
- Already provides good rental yield
Swindon - Investment and Development Property
This modern Investment and Development Property is located a short walk away from the heart of the popular modern town of Swindon in the sought-after, trendy area around Cricklade Road.
Mulberry House Properties are delighted to bring to the market this modern take on an existing building with a current income stream designed for investors who are looking to maximise their returns.
The property comprises of six apartments and substantial land at the rear, which could be developed into further extensions or newbuilds, adding to the rental income capacity of this site. The property is fully let and will shortly be due for rent reviews - which will increase the existing rental income return of 6.8%.
The apartments are built over two floors with the ground floor units having the modern feature of two flats, sharing one kitchen. This creates a wonderful communal facility as well as providing maximum density for occupation. Each apartment is a very good size for single or double accommodation and the location is ideal for the town centre with local transport links and amenities.
Modern furnishings throughout blend seamlessly with the existing building textures to create a wonderful living space, which is bright and airy and quiet in a central location.
To the rear of the property, the land extends to provide for ample car parking and potential for future development either to extend existing building or to add a smaller apartment block.
The area has a selection of good schools as well as social and commercial facilities making it one of the town's most popular centres. The local area has a great supply of coffee houses and is within awalking distance of major supermarkets and the local transport links.
Swindon Central Rail Station with direct services London, Reading and Bristol is a short walk away making this a very popular area for commuters.
This area has seen a high uptake of rental properties, with continuing high demand for available property
due to its superb location in the town. This is a rare opportunity to buy an investor designed property that will offer a long term sustainable income to any potential buyer.
For further details please contact Mulberry House Properties' Highworth Office on 01793 493099