Agent
3 days ago
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Burnley Assisted Living Apartments For Sale -NET YIELD 10%

Area: Lancashire
Social/Goverment Scheme
£182,000
Market Status: OFF
Property Purchase Price: £182,000
Price Negotiable?: No
Gross Yield: NET YIELD of 10%
Sourcing Fee (including VAT): £3,000

Burnley Assisted Living Apartments For Sale

NET YIELD 10%

 

 

This property presents a compelling proposition, offering 10% net return over a 25-year period. This opportunity is made possible through a 25-year FRI (Fully Repairing and Insuring) Lease, facilitated by Yale Housing Association, a reputable Community Benefit Society dedicated to providing safe and quality accommodation tailored to the specific needs of tenants.

  • Apartments are £182,000 Cash purchase
  • 25 year contract
  • A starting NET yield of 10% – £18,200 profit
  • Over £1,500 profit per month
  • Annual Rent Review with upward-only adjustments (CPI + 1% Linked)
  • Refurb recently completed
  • No ground rent
  • No service charge
  • No maintenance costs
  • No void or lead-in periods
  • Very quick turnaround, exchange by 25th of the month, first rental payment will be 1st of the following month
  • Potential for buy back from pension fund at MINIMUM 30% Uplift in value paid

The apartments are managed by Yale Housing Association. They are a not-for-profit company, created to provide safe, supportive and sustainable housing to vulnerable adults. In addition to providing high-quality accommodation, they offer dedicated support to ensure our clients can maintain their tenancy whilst also supporting their self-development. Tailored support to meet the individual needs and desires of each person enables them to lead independent and fulfilling lives.

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Sameer Patel
Member since: 1 year
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