Residential Investment Sold by FHP

Investment News

Alan Pearson of Fisher Hargreaves Proctor has sold 2-4 Wilmot Street, Heanor, a residential investment, on behalf of Gladstone Developments.  The property comprised of 2 former houses, converted into 4 flats, producing an income of £14,700 per annum.  The property was sold at £180,000, reflecting a net initial yield of 7.95%. 

Alan Pearson of FHP commented, “The premises came surplus to my clients requirements, and placed on the market.  The property generated a significant interest and a sale was concluded with Mr Brough at £180,000.”

Jeff Dickman of Gladstone Developments commented, “We are pleased with the efforts of FHP and would like to thank them for bringing this matter to a successful conclusion”.