Freehold HMOs with 10-year corporate lease
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Fully operational, High Yielding HMOs with Corporate tenant
This unique opportunity to acquire fully managed, high-yielding HMOs suits any investor looking for an armchair approach. With the corporate lease agreement in place, there is no reliance on the physical tenants in situ; instead, the FTSE 250 company (Legal Tenant) manages and operates the property and pays the full rent to the landlord each month. Irrespective of factors such as occupancy and fluctuating running costs associated with the property.
An experienced landlord will emphasize the convenience of a corporate lease. This arrangement, often called a comprehensive lease, places the responsibility squarely on the corporate tenant's shoulders. They take charge of tenant placement, maintenance concerns and the coverage of operational expenses, encompassing council tax and utilities.
Register your interest today!
You will be sent the current selection of opportunities which range between £181,999 and £243,750. These are cash only purchases.
Key Figures
£181,999Starting Price
8%Net Yield
Q3 2023Completion Date
Investment Details
The present portfolio of properties locates across Northern towns and cities including Blackpool, Lancashire, Burnley. The typical HMO is configured as either a 4,5 or 6 bed house.
The current owners have completed over 150 projects throughout the north of England since 2014 and have sold to investors both UK and overseas. The properties are only sold once they have been fully refurbished, contracted, tenanted and positively cash flowing. They are particularly attractive to overseas buyers due to their eminent investment security and ease of on-going management.
Formed in 1929, the tenant is a UK listed PLC with a multi-billion pound, 10-year contract to provide housing services to the UK government. The contract is for priority housing to support the growing and latent demand, which the UK government pays a set weekly rate guided by the Local Authority Allowance (LHA rate).
To find out more about this exclusive investment opportunity – enquire today!
The Numbers
Ground Rent:N/A
Number of Units:5
Service Charge:Zero
Prices:£181,999 - £243,750
Leasehold:N/A
- Newly refurbished
- 4, 5, 6-bed properties
- Fully furnished, including white goods
- Exclusively available to cash buyers only
- £5,000 reservation
- Exchange with 21-days
- Complete within 6 weeks
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