What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network
Key financials
Profit pa£13,440
ROCE25%
Yield10%
Purchase £ £98,500
Property description
Strategy: HMO
Mixed-Use Investment - High Yield & Strong Capital Growth Potential
This is a fantastic freehold mixed-use property, with both commercial and residential income streams. Attractive immediate rental yield, fully let, and perfect for investors seeking cashflow and long-term growth. Tenants in the 4 HMO rooms are on ASTs and the established beauty business in the retail unit on the ground floor paying £670.00 pcm (which includes electric) Contract runs to 13th December 2027, 6 month notice can be served to terminate the agreement. HMO rooms are 3 x doubles with en-suite and a single with an off suite shower room, single is £400 pcm and the doubles are £520 pcm including bills.
The financials:
▪ Purchase price: £290,000
▪ GDV: £325,000
▪ Annual profit: £13,440
▪ ROCE: 25%
▪ Yield: 10%
▪ Annual rent: £31,560
▪ Sourcing fee: £6000
Alternatively, Cash purchase metrics are as follows:
▪ Monthly net: £2127
▪ Annual net: £25,524
▪ Net yield: 8%
Sourced reference: 283383625215119
Due diligence
No information supplied.
Location
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Key financials
Profit pa£13,440
ROCE25%
Yield10%
Purchase £ £98,500
Sales Agent
Rick Kerfoot
SRK Property Ltd
Smart support to move your deal forward
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What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network