Freehold Houses with 7-year Corporate Lease
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High yielding freehold houses with corporate tenant
We have identified a selection of five houses which are currently being refurbished for a corporate tenant. Within the next six weeks these properties can be snapped up with a generous 8% net income.
In times of high inflation, 8% net could help investors keep up with the cost-of-living increases. Buy-to-let properties typically generate 5% returns. Purchasing freehold houses with a 7-year lease is rare.
Any experienced landlord will tell you how convenient a corporate lease is. It is called a fully repairing lease where the corporate tenant is responsible for finding occupants, dealing with maintenance issues, paying the rent on time, and covering running costs including council tax and utilities.
Register your interest today!
You will be sent the current selection of opportunities which range between £178,900 and £216,450. These are cash only purchases.
Key Figures
£172,900Starting Price
8%Net Yield
Q1 2023Completion Date
Investment Details
The present portfolio of freehold houses across Northern towns and cities including Birkenhead, Preston, Pendle, Darwen and Pendle. The typical property is configured as a five-bedroom house with two bathrooms. Each home will come newly refurbished and have a fresh lease in place.
The tenant is a UK listed PLC with a 10-year contract to provides housing services to the UK government. The UK local authorities (municipalities) have outsourced the property management, although they continue to provide a steady stream of occupants. The contract is for priority housing which the UK government pays a set weekly rate guided by the Local Authority Allowance (LHA rate).
Investors have peace of mind in having a tenant with twenty-nine million pounds (£29m) of net assets on their balance sheet. No late payments or worries about utility bills. It is all covered!
To explore whether this is the right investment for you – enquire today!
The Numbers
Ground Rent:N/A
Number of Units:5
Service Charge:Zero
Prices:£172,900 - £216,450
Leasehold:N/A
- Newly refurbished
- Five bedrooms
- Two bathrooms
- White Goods
- Part-furnished
- £2,500 reservation deposit
- Exchange with 21-days
- Complete within 6 weeks
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If you are considering buying an investment property, it starts with a conversation. If we understand what you are looking for, we are in a better position to save you time by suggesting property opportunities that align with your goals.
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