Sourced Approved Investment

10% Yield WV16 West Midlands - Commercial

£ 375,000

Added: 12/11/2024

Profit pa£26,625

ROCE26%

Yield10%

Property description

Strategy: Buy to Let

Sourced is pleased to present this prime investment opportunity with 10% yield.

This is a 400-year old refurbished character building.

- Location: 8 Waterloo Terrace, Bridgnorth, Shropshire, WV16 4EG
- Price: £375,000 +2% Sourcing fee (upon a successful sale)
- Lease: 5 years | £42,000 per annum | £3,500 per month
- Rental Yield: 10%
- ROCE: 26%
This fully refurbished, 400-year-old character building offers an excellent opportunity for investors, combining historical charm with modern convenience. Situated in the heart of Bridgnorth, the property enjoys panoramic town views and a prime high street location, making it highly attractive for both commercial and residential purposes.
• Brand New Fixtures & Fittings: The building has undergone a complete renovation, with all fixtures and fittings replaced with brand new materials.
• Mixed-Use Property: Includes a prominent shop with unbeatable views on the high street, complemented by a charming town house that wraps around the property.
• Freehold: The property comes with full ownership, offering long-term value and stability.
• Secure Rental Income: Leased to a single company, generating £42,000 per annum for the next 5 years. The lease is already 15-18 months underway, ensuring immediate and ongoing income.
• AirBnB Potential: The town house’s prime location makes it an ideal candidate for conversion into an AirBnB, although it is currently providing a solid rental income under the existing lease.
This unique investment offers both the security of a stable income and the flexibility for future growth, making it an attractive addition to any property portfolio.

The financials:
▪ Purchase price: £375,000
▪ Annual profit: £26,625
▪ ROCE: 26%
▪ Yield: 10%

Read more

Sourced reference: 539257961678495

Location map

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.

Read more

Due diligence

No information supplied.

Sales Agent

Mr Mush Fazel

MJF Property Ltd

Gain access to Sourced

Explore our full suite of property investment products and services.

Create a free account

Start exploring your Sourced dashboard

Create account

By proceeding you are agreeing to our
Terms of business and Privacy Policy

Ok message

Error message