An exciting investment opportunity to purchase Block 2, Braeburn Heights, comprising of 23 new private flats (19 x 2 bed and 4 x 3 bed) in a part 4, part 5 storey brick building. There are 23 designated parking spaces of which 10 spaces are under the building at ground floor. Construction of the block was completed 12 months ago and Acorn's Built to Rent Division fully let the 23 flats to private tenants and are managing the block. The development is producing a rental income of £464,040pa which based on the guide price of £6,350,000 reflects a 7.3% gross yield. The break up GDV (not factoring in Help to Buy) is c.£7,330,000. The development is well located between Bluewater, Ebbsfleet International Station and Dartford with good access onto the M25 and A2. The development will be sold with a 10 year new build warranty.
