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Saturday, April 09, 2011

Buy a Mill on 10%+ yield

Any landlord that likes old building and architectural heritage will be interested in this renovated Mill.  Springfield Mill located just outside Nottingham has over 100 apartments and comes with a rent roll that equates to over a 10% gross yield on the 5.5 million asking price.

Details are contained below.  For more info contact

Michael Gorman
Tel: 0113 236 6683

Robbie Underhill
Tel: 0207 344 2659

Springfield Mill, Sandiacre, Nr Nottingham NG10 5QD
Freehold Grade II Listed Converted Mill comprising 105 Apartments
11 apartments sold on long leases 94 apartments fully let subject to ASTs
20 x studios
20 x one bed apartments (including one duplex)
54 x two bed apartments (including 18 duplexes) 72 car parking spaces
Total AST income £614,760 per annum
Total ground rent income £3,025 per annum

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