S&S Estates Property Group are pleased to present this investment opportunity to our investment clientele. This ideally situated Four Bedroom HMO is currently undergoing the final stages of a full refurbishment, bringing it up to SERCO's specifications, estimated to be completed within the next calendar month.
Gresty Street is well situated in a popular part of Crewe, and is well hosted by local amenities and transport links.
Serco have agreed to sign a Seven Year lease on this property, with the option for an additional Three Years extension at the end of the initial Seven years. Being this is a Four Bedroom HMO, there is no legal requirement for this to be licensed, and complying with standard HMO regulations is sufficient. Considering that Serco have now closed off most of their postcodes, this provides a great opportunity to acquire a hands-free investment, with minimal maintenance responsibilities, no vacant periods, and is offered as fully furnished as per Serco's requirements.
RETURN ON INVESTMENT
Serco will be paying £60.00 per room / per week
Annual Rental Income - £12,480
Return on Investment - 8.75%
Our standard sourcing fee of £2,500 applies, payable upon exchange of contracts.
In order to secure this purchase, the vendors require an initial £3,000 deposit to be held by the purchasers solicitors on a Subject to Survey and Contract basis. This deposit will form and contribute towards the final purchase price.
* Conveyancing will proceed upon completion of required works and Serco's lease being signed *
*** This would suit a Cash Buyer ***
Please note, all of the above information, pictures & figures are for informative & guidance purposes only. The above calculations have not included the possibilities for any vacant periods, additional works that may be required during the tenancy, and are based purely on the current market prices and rentals.
S&S Estates Property Group take no liability under any circumstances. As with all investments, your capital is at risk and suitable advice and guidance should be sought from a competent financial adviser prior commencing with any investment opportunity.
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*** Serco Investment Opportunity ~ 8.75% Instant Yield ***
Arrange a Viewing
To arrange a viewing for this property, please call us on 0161 773 5309, or complete the form below:
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