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CR115-Fully Operational Rental Investment Portfolio
Asking Price:
GBP 990000
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Business Location:
United Kingdom » Relocatable » Coventry, West Midlands
Category:
Real Estate
»
For Lease
Description:
Fully Operational Rental Investment Portfolio
Ref.CR115
Location Coventry, West Midlands
Asking Price £ 990,000
This sale represents an excellent opportunity to acquire a portfolio of desirable properties in a Coventry suburb as well as an accompanying successful, established rental operation.
The portfolio contains four terraced properties in a desirable Coventry suburb location; with a range of amenities within walking distance as well as good transport links and excellent access to the city centre. Three of the properties are next door to each other, with the other in close vicinity.
Three of the properties have been converted into a total of 17 flatlets and 10 bedsits. These are currently fully rented out directly by the owner, and produce annual revenue of approximately £89,000 per annum. The other property is unconverted, but would be suitable for conversion – it is thought that 6 bedsits and one flatlet could be installed, and this would produce approximately £20,000 more revenue per annum.
This sale is a prime investment opportunity for someone wishing to get a foot on the lucrative buy-to-let ladder, as there is high demand for rental property in the current economic conditions. These properties are also well placed to appeal to the profitable student housing market, as they are close to Coventry University and many students from Warwick University also choose to live in Coventry.
This is a rare opportunity with a genuine reason for sale. A purchaser can expect to produce an impressive return of approximately 7.8% per annum on their investment.
Financial Information:
Annual gross sales: (GBP)
N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:
Business Area:
N.A.
Year Established:
2000
Is Relocatable?:
Yes
Business closed or an asset sale
:
No
Is Home based business?:
No
Real estate status
:
Yes
Reasons for selling:
This business is offered at a sensible price to attract an early, uncomplicated sale due to health reasons of the owner.
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