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Investment Property For Sale
Location United Kingdom
Asking Price Range $500K - $1.0M
Gross Revenues $45000
Net Profit / Cash Flow $45000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2005
Number of Employees 1 - 3
Inventory All.
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Provided 1 month + 3 consultation.
Reason for Sale Retirement.
Description Freehold, mixed property, (3 properties adjoined)
1) retail shop / off license.
2) 4 bedsit HMO (house of multiple occupation) let to professional working people.
3) 1 bed self contained flat with court yard and garage.
This property is one of 27 i own and as i am now retiring i am selling off 1 to 2 properties per year to avoid paying too much capital gains tax.
Offers are invited around œ500,000 for this free hold investment property fully let with a rental income in excess of œ33,000 per annum. The property will achieve capital growth over the next 7 yrs to a value of around œ700,000 as well as benefiting rom a positive cash income exceeding œ33, 000 per year. The property is let to private domestic tenants on assured shorthold tenancy agreements. The shop/off license is let on a 15 year commercial lease. If you are not an experienced landlord i will work with you for 1 month and provide 3 month further consultation. You can have my own software for tracking this and any other properties you may buy. This property requires around 2 to 3 days management per month. (you don't need any employees.) mainly to check and record payments of rent. The property will attract mortgage lenders between 75% to 85% mortgage,depending on your credit rating, meaning you will need between 15% & 25% to put down as cash. Mortgage can be interest only so payments would be around œ800 per month with around œ2,700 income per month, providing œ1,900 per month positive cash flow.
If you need introductions to lenders I can arrange this through my contacts. The property is ready for a 'light refurb' (kitchen, bathroom and decoration) spending around œ3,000 on this will increase the value by œ18,000 to œ25,000 but i neither have the energy or interest any longer to take advantage of this. It's time to pass the reigns to a younger person who has the drive to take this project to the next level. Contact for more information on this property for sale.
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