3 bedroom freehold up and running investment property - Bradford, West Yorkshire.
£102,000 purchase price - £7,200 rental income - 7% yield guaranteed for 5 years, damages covered, all utilities paid and free management throughout.
This property is being sold already up and running under a government backed social housing lease, currently generating £7,200 rental income per year. Investors can purchase this property and make high income/yield from day 1 of ownership with the majority of risks removed. No set up delays, recently renovated, tenant's already living in the property.
This property will be rented to a social housing provider which will give the investor the following benefits:
- Guaranteed rent paid monthly
- Tenant damage cover, you'll have no expensive repair bills throughout
- Free lettings management throughout
- No voids
- Cover all utility bills and council tax
- A 5 year lease with the option to extend for a further 5 years
This is an opportunity for Asia based investors to purchase freehold UK property which generates a high rental yield from a low capital investment. The social housing lease is assigned to the purchaser on completion and lasts for a minimum of 5 years, this is a great way of reducing risk when investing in UK property as all voids, damages, maintenance and utility costs are removed!
Price: £102,000
Rental Income: £7,200 per year
Yield: 7%
About Bradford
- Population 500k
- Economy of roughly £10bn
- Economy made up of mostly manufacturing, retail, industrial and financial
- Economic growth of 2.1% yearly
- Rated the top improver in PWC's Good Growth For Cities Index 2019
- Major train station connecting to Leeds, Manchester, London
- Plenty of local amenities such as shopping centre's, restaurants, cafe's, parks etc
About Developer
- Around 40 properties completed in 2020
- 5+ years experience in UK property
- Worked with investors from Hong Kong, China, Singapore etc
- Case studies available on request
More details on the property available on request, please get in touch if you would like more information!
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