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
GDV£450,000
Profit£0
ROCE31%
Purchase £ £TBC
Property description
Strategy: Joint Venture
Sourced Partner John Mair is looking for an investment partner for a profitable guest house in Peterhead, Aberdeen, The property constantly delivers high and stable profits after expenses annually and sits nearby John Mair's existing HMO’s.
The required investment would be to secure the mortgage initially, the investment would then be repaid over a set timescale of no more than 18 months, the investor would then benefit from 50% ownership of the property and business and 50% of all NET profits annually.
Previous trading history of up to two years for this property is available upon request.
Investment Financials:
▪ Required investment: £145,000
▪ Return: 50% ownership of the property and business as well as 50% of all Net Profits PCA.
▪ Security: Second charge
Repayment over first 18 months, then 50% of all profits annually thereafter.
For further information, please get in touch.
Business Financials:
▪ Purchase price: £450,000
▪ Refurb costs: £10,000
▪ GDV: £460,000
▪ Money left in: £145,000
▪ Monthly profit:£3,675
▪ Annual profit: £44,100
▪ ROCE: 31% (against the property)
▪ Gross yield: 23%
▪ Net yield: 10%
Please get in touch for further information.
Sourced reference: 683526748333756
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
GDV£450,000
Profit£0
ROCE31%
Purchase £ £TBC
Sales Agent
John Mair
John Mair
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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