High-Yield Lodging House Investment – First Tower

An excellent income-producing opportunity located in the highly sought-after First Tower area. This substantial lodging house comprises 8 self-contained bedsits and a spacious 2-bedroom apartment, offering strong and diversified rental income.

The property benefits from parking for all units plus an additional space allocated to the apartment, a valuable feature in this location. Residents also enjoy access to a communal garden, enhancing tenant appeal and long-term rental demand.

Current rental income totals £99,600 per annum, generating a strong gross yield of approximately 8.3% at the asking price of £1.2m. The bedsits are each let at £800 per month, with the 2-bed apartment achieving £1,900 per month, reflecting solid market rents.

This asset would suit investors seeking:

Immediate, reliable income

Strong yield in a prime location

Multiple income streams reducing void risk

Potential for future rental growth or value enhancement

A rare opportunity to acquire a well-performing residential investment in an established and desirable area.

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