“Corporate BTL in Tyneside”

Sourced is excited to introduce this exceptional deal in Tyneside. A fantastic 2-bedroom flat generates an impressive £7,987 per annum, with £20,000 refurbishment required at £39,950 in purchase price and £75,000 in end value. Investors can enjoy a hands-off approach to their investment.

With no voids, management fees, or maintenance worries, this property comes with a corporate let lease, ensuring hassle-free management and guaranteed rent. Furthermore, investors can anticipate significant capital growth, making it an enticing investment opportunity.

Solicitors are available on request to make this hassle-free.

The financials: (Excluding maintenance and management)
▪ Purchase price: £39,950
▪ Annual profit: £7,987
▪ ROCE: 63%
▪ Gross yield: 14%
▪ Refurb costs: £20,000
▪ Market value estimated: £75,000
▪ Sourcing fee: £3,750 Plus VAT
▪ Annual rent: £10,800
▪ Money left in: £12,774

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.