Fully Refurbished Luxury 4 Bed HMO North Lancs - Tenanted £18720 Income - Price £110,000 fully inc

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Bromley, London| Published date: 2019-07-03 12:02:47, Listing: 250
Fully Refurbished Luxury 4 Bed HMO North Lancs - Tenanted £18720 Income - Price £110,000 fully inc
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The price above includes all fixtures, fittings, appliances, flooring and tenants.

Income = £18,720.00 per annum!!! North west yields and percentage return on cash invested are the best in the country.

4 bedroom – 2 bathroom readymade project, fully tenanted in Burnley. With all amenities within close walking distance.

•Excellent location for the professional/student market – situated in an appreciating area of Burnley.

•Great transport links to the UCLAN University campus and Burnley General Hospital which has a large teaching department attached to the University. Direct Rush hour trains to both Manchester and Preston.

•Sold as complete hands-off investment with full furnishings and managing agent in place.

•The property is built to all local and national 4 bedroom HMO standards. The Room sizes are all doubles and includes 1 ensuite plus a large communal bathroom
There is a large living room, large fully fitted kitchen which includes all appliances and electrical goods - iron, toaster, microwave etc.. The living room has 3 seater sofa, 4 seater dining table and communal coffee table. Bedrooms include double wardrobes, desks, Chest drawers, bedside cabinets, chairs and double beds. The unit built over 2 floors is fully carpeted and has been refurbished to the highest possible standard.
As the house in real terms is brand new (as is the furniture and also the appliances) the unit comes complete with all the guarantees, gas and electrical rewire, plus all the necessary certificates.

Sold Fully furnished and tenanted.

Full ongoing property management available.

Commercial finance can be arranged if required.

Gross Income - £18,720 per annum
Net of bills - £15,600 (net of all utilities and council tax)
Management - £1,872 per annum
Mortgage - £1,800 per annum approx.

True net income - £11,928
Cash Outlay - £58,750
Gross Yield – 16.27%
Net return on cash investment – 20.30% per annum

•Northern hot spot for manufacturing and aerospace.

•Most Enterprising Area in the UK – home to Lancashire digital technology centre, supports and incubates tech start-ups.

•Local education institutions – Burnley Campus of UCLAN has increased student numbers and they continue to rise in the town.

It is home of the first ever professional football and management University campus

•Accessible property market and thriving local industry, Burnley is one of the northern towns earmarked for substantial growth over the coming years.

Please contact Yvette on 0161 230 3367 for further information