ALL FREEHOLD Portfolio of 9 properties consisting of 4 x 2 bed apartments, 3 x 1 bed apartments, and 1 x 1 bed cottage. All properties are currently rented out and the portfolio is currently generating a yield of around 12% pa. 8 of the properties are in central Greenock, all located within a half mile radius. Very close to the local college, all manner of amenities and travel links. The final property is the 1-bedroom cottage on a picturesque residential street in nearby Dunoon. The properties are fully managed and you have the option to retain the current letting team.
Type Of Property: Flat
Essential Financial Information
Rental Income: £ 42,240 pa
Net Rental Income: £ 32,979 pa
Net Rental Yield: 9 %
Return On Investment: 35 %
Gross Yield: 11 %
Based on 75% Loan To Value (LTV).
Mortgage Product:Interest Only @3.25%
Guide Price: £ 379,950
Deposit Required: £ 94,988
Mortgage Amount: £ 284,963
Mortgage Payment: £ 772 pm
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