Raglan St
Coventry CV1 5QF
Raglan House · Multifamily Property For Sale
·
212 Units
INVESTMENT HIGHLIGHTS
- Prominent Location
- Good Transport Links
- Close to local amenities
EXECUTIVE SUMMARY
Montagu Evans are instructed to seek offers in excess of £11,550,000, subject to contract and exclusive of VAT. This reflects an attractive Net Initial Yield of 9.0% assuming purchaser’s costs of 6.8% and a capital value of £54,500 per bed which is substantially below replacement costs.
Our client reserves the right to not accept the highest, or indeed any offer received.
Our client reserves the right to not accept the highest, or indeed any offer received.
PROPERTY FACTS Sale Pending
| Price Per Unit | $73,708 |
| Sale Type | Investment |
| Cap Rate | 9% |
| Tenure | Freehold |
| No. Units | 212 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.95 AC |
| Building Size | 89,868 SF |
| No. Stories | 4 |
| Year Built | 2008 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Wi-Fi
SITE AMENITIES
- Laundry Facilities
- Recycling
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 62 | - | - |
| 1+1 | 150 | - | - |
