S&S Property Group are thrilled to offer you the following Five bedroom tenanted HMO which has been tenanted by well-known Housing Association SERCO.
This means a guaranteed rent for 5 years from the date of the start of the Tenancy. SERCO will start offering 10 year leases from the end of 2019, providing the opportunity for an additional 10 year lease from the end of the current five years.
Serco Housing Association are paying an annual rent of £15,600
The property has undergone a full extensive refurbishment, bringing it up to current Council and SERCO requirements and has been signed off by the local building control, prior to start of Tenancy. Included in the current contract, the Housing Association are responsible for all the day to day maintenance, meaning that you have a guaranteed rent with no maintenance and no vacant periods for the full term of the agreement.
Included in the sale, is all the furniture and blinds, as the Housing Association now require properties of this nature to be fully furnished.
We have negotiated a below market value of £156,000, giving you a clean 10% return from day one.
Local similar size properties are selling anywhere between £145,000 to £189,950, and that's prior refurbishments and being tenanted. This property has been refurbished and leased to SERCO, returning on your investment from the start.
This will suit a CASH buyer, but the return will sell the property alone. As with these types of properties, interest will be high, and early response is highly recommended.
Sourcing fees apply
Get in touch with our sales team on 0161 773 5309 or email email@example.com should you wish to discuss this opportunity further.
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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