Cornwall, Bodmin, Bugle, Callington, Helston, Liskeard, Newquay, Par, Penzance, Redruth, St. Austell
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Description:
BBP Estates is pleased to bring A portfolio of 58 Tenanted properties in Cornwall. The properties located in Newquay, Penzance, Bodmin, Redruth, Helston, St. Austell, Bugle, Par, Callington and Liskeard. A nice mix of freeholds and apartments with long leases.
All properties come with a 5 year rental guarantee from The Mears Group. They have also stressed they are willing to extend the guaranteed rental contract for a further 5 years once the current contract expires. This would give any investor a guaranteed gross rental income of £ 310,560 per year. Servicing and maintenance of the properties is also part of the deal The Mears Group has agreed to.
Alternatively, these properties can tenanted without the assistance of The Mears Group. The estimated rental income would be circa £ 400k per annum. A really hands free investment, with the rents underwritten by company with a balance sheet running into the billions and in location where property prices are constantly rising. Furthermore, there’s a decent discount being offered here, given its location.
Property Details
Tenure: Leasehold
Location: Cornwall
Type Of Property: Flat
Bedrooms: 70
Essential Financial Information
Rental Income: £ 310,560 pa
Net Rental Income: £ 196,473 pa
Net Rental Yield: 4 %
Return On Investment: 17 %
Gross Yield: 7 %
Mortgage Illustration
Based on 75% Loan To Value (LTV).
Mortgage Product:Interest Only @3.25%
Guide Price: £ 4,680,500
Deposit Required: £ 1,170,125
Mortgage Amount: £ 3,510,375
Mortgage Payment: £ 9,507 pm
Other Property Sales In Area
- Property Sale: £ 95,000
- Property Sale: £ 95,000
- Property Sale: £ 95,000
Need Finance to buy this portfolio?
Please let us know, if you need finance, our team of experts can help you to buy this portfolio.
Property Id : 21257
Price: GBP 4,680,500
Property Lot Size: 58,00 ft2
Bedrooms: 70
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