Gr Manchester OL6 Tenure: Freehold Type of Property: Terraced Guide Price: £ 136,950

Description

FREEHOLD. HMO. TENANCY AGREEMENT NOW SIGNED WITH A GOVT BODY AS THE TENANT.

The tenant has now signed on a 7 a year term, which includes catering for all the
repairs,
utility bills,
maintenance etc
of the property
and payment of £953 per month to the new owner, even if the property is vacant.

This would Net the new owner an 8% minimum rental yield for the next 7 years and in an area where property prices are increasing.

At the current rate, the new owner will receive a minimum income of £80,052 over a 7 year term, with an option to extend.

Property Details

Tenure: Freehold

Location: Gr Manchester

Type of Property: Terraced


Financial Information

Rental Income: £ 8,098

Net Rental Income: £ 8,098 pa

Net Rental Yield: 6 %

Return For Investment: 24 %

Gross Yield: 8 %

Contact Information

Name: Dilip Rajani

Number: 07886816779

Email: dilip@hamiltonsbusinessconsultants.uk


Mortgage Illustration

Guide Price: £ 136,950

Deposit Required: £ 34,238

Mortgage Amount: £ 102,713

Mortgage Payments: £ 278 pm

Based on 75% Loan To Value (LTV).
Mortgage Product:Interest Only @3.25%