Hinckley residential investment on market with Watling Real Estate for £1.5 million+

13 of the apartments are let, producing a passing rental income of £127,440 per annum, with an estimated rental value of approximately £150,000 per annum.

Ben Holyhead, associate director in Watling’s Birmingham office, said: “The Moorings is a modern residential investment, with a robust letting history since completion. 

“The scheme offers asset management potential for a purchaser via rental uplift and letting of the vacant apartment.

“The rental market remains strong, with private residential rents increasing across the East Midlands by 3.8% over the last 12 months.

“We expect to receive a good level of interest in the property.”

The development consists of two 1 bed apartments, six 2 bed apartments, three 2 bed duplex and three 3 bed duplex apartments.

Externally, there is allocated parking for each apartment, together with additional visitor spaces.

The development is in a private position, set back from the B4666 Coventry Road within one mile of Hinckley town centre with excellent connections to the wider Midlands region via the M69, M1 and M6 Motorways and the arterial A5.

Hinckley Railway Station offers regular direct services to Birmingham and Leicester.