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