44a and 48 Aspal Park, Beck Row, Bury St. Edmunds, Suffolk, IP28
£1,641,875 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page | 16 bedrooms

Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page

ASK AGENT

Tenure Explains the various forms of property ownership, including freehold, leasehold, and commonhold, and how they determine your rights and responsibilities as a property owner. Read our glossary page

ASK AGENT

Material Information

Expand

Property Ref: FBM260277

In recent years all the properties have undergone a comprehensive refurbishment to include new wiring , electric heating systems new Windows kitchens bathrooms and flooring.

Other parts of the portfolio are also available in larger units, please contact the office for details.

All eight properties are of similar size and layout extending to 58.15 - 59.343 m sq. or 626 - 669 sq. ft, they are two-bedroom properties with en-suites, gardens to front and rear and off street parking.

All eight units a rental income between £1,250 pcm and £1,350 pcm and produces a yield of over 7% for the group. With exceptionally high occupancy levels, The properties are always in demand for single servicemen/women whose allowance is currently £1,215 pcm. The two USAF air bases have around 20,000 personnel and dependants producing strong local demand properties such as this.

For the majority of the lettings which are to USAF military members, the tenancy terms are favourable with extremely reliable rental payments and tenancy behaviour.

There is a potential development opportunity to the rear of 2 and 3 Aspal Place, Contact the office for details.

The properties are located around one mile from USAF Mildenhall and four miles from USAF Lakenheath. USAF military personnel are encouraged to live close to the bases it is not only their place of employment but the majority of the services and facilities they require are located on base.

Properties are currently under the full managed service by Balmforth Estate Agents with our office adjacent to RAF (USAF) Lakenheath gate and we can supply details for these services and costs.

Although the rental demand is currently dominated by the USAF market the vibrant centre of Bury St Edmunds (16 miles), Newmarket (14 Miles) and Cambridge (25 miles) heavily influences the local housing market and economy.

Agent notes:
1. The EPC is for 1 Aspal Place, Floorplan and photographs are of a mixture of properties included within the portfolio.
 

To book a viewing or make an enquiry, please complete this form.