59-60 Lemon Street, Truro, Cornwall TR1 2PE - Tel: 01872 273473 - Email:sales@lillicrapchilcott.com
  • Coverack
    Preliminary Announcement 
    Coverack
    £600,000
    North Cornish Coast - Direct beach frontage
    Preliminary Announcement 
    North Cornish Coast - Direct beach frontage
    £2,500,000
    Trefusis Road, Flushing
     
    Trefusis Road, Flushing
    £625,000
    Mullion, The Lizard
     
    Mullion, The Lizard
    £300,000
    St Ives Holiday Village, Lelant
    Preliminary Announcement 
    St Ives Holiday Village, Lelant
    £110,000
    Above Porthmeor Beach, St Ives
    Best and Final Offers 
    Above Porthmeor Beach, St Ives
    £700,000
    Mithian, St Agnes
    Preliminary Announcement 
    Mithian, St Agnes
    £650,000
    Rural outskirts of St Austell
    Preliminary Announcement 
    Rural outskirts of St Austell
    £1,075,000
    .
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Bottom Price
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Region
Residential Investment Portfolio
Price
  £5,100,000
Status:
For Sale

• 60 inexpensive residential units.
• All of the properties are let to a subsidiary of a large well established PLC, with the residue of individual 5 year Management contracts to maintain each of the properties and pay the agreed rent for the fixed period of the contract. With these properties there is therefore literally no maintenance responsibility, whilst such an agreement remains.

• Rental income £319,680 per annum - The Cornwall Collection

• A schedule of the properties and further information is only available from Andrew Chilcott at Lillicrap Chilcott.

• Offers are sought in the region of £5,100,000 for the portfolio subject to a continuation of the existing Management Agreement, subject to contract. A purchase at this level will reflect a gross yield of 6.26%.

Given the varying geographical locations of the properties we have simply used Lillicrap Chilcott’s office postcode.

Ref: LCAA8723 
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To find out more about this property, or to arrange a viewing, please call us on 01872 273473.