The following 6 tenanted properties are owned by the same person, looking to sell them individually or together as a portfolio
There are 5 three bedroom properties and 1 with two bedrooms, all in the SR5 postcode (a mix of Redhouse, Downhill and Witherwack)
Five of them are at priced at £72,000 with one at £77,000 and the selling agent advises that 4 of them are getting £475pcm and 2 are achieving £520pcm
In my opinion £520 is a bit high, I think it would be more sensible to work on getting £495 at most (especially given we can't seen any internal pictures)
I've spoken to the selling agent to see if the owner had a price in mind to sell them as a portfolio but they preferred not to reveal a figure...so if we worked 4 x £475 and 2 x £495 on and paying 10% less than the combined asking prices the portfolio will return 8.8% Gross Yield
Of course this doesn't factor in the need for any improvement budget and it's unknown whether the tenants are working or on benefits - the properties are the type that could attract either
Click the links below for details
http://www.zoopla.co.uk/for-sale/details/36373262
http://www.zoopla.co.uk/for-sale/details/36373260
http://www.zoopla.co.uk/for-sale/details/36373265
http://www.zoopla.co.uk/for-sale/details/36373263
http://www.zoopla.co.uk/for-sale/details/36373261
http://www.zoopla.co.uk/for-sale/details/36373264
Call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com for more information or to discuss this opportunity further
No comments:
Post a Comment