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The Butts
Worcester WR1 3PA
Virginia House · Multifamily Property For Sale
·
42 Units
Investment Highlights
- 18 Studio Rooms, 12 Studio Delux Rooms & 12 Double Rooms.
- The property is situated in Worcester city centre, adjacent to The Hive Library.
- The property has been converted & refurbished to a high specification.
- Provides long term income security with minimal asset management input.
- Ground floor cinema room, gym, dining and recreational areas.
- Only 450 m from The University of Worcester City Campus.
- Let in its entirety to Virginia House Ltd for a term of 125 years from March 20.
- Freehold.
Property Facts
| Price | $3,641,275 | Building Class | B |
| Cap Rate | 4.95% | Lot Size | 0.23 AC |
| No. Units | 42 | Building Size | 15,332 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1979/2020 |
| Apartment Style | Mid-Rise |
| Price | $3,641,275 |
| Cap Rate | 4.95% |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 15,332 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1979/2020 |
Amenities
Unit Amenities
- Microwave
- Kitchen
- Oven
- Wi-Fi
Site Amenities
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 30 | - | - |
| 2+2 | 12 | - | - |
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