Tuesday, 30 June 2015

Update On The SR5 Tenanted Portfolio First Posted In March (now +9% Gross Yield)

Back in March I posted about a tenanted portfolio of 6 properties in SR5 that were being sold with tenants in situ. I've just noticed that 4 of them are still on the market - and given some time has passed since March it may be to go in with a cheeky offer!

Click the link for the previous post Portfolio of 6 Tenanted Properties in SR5 (For Sale as Portfolio or Individually) - 8.8% Gross Yield



Click here for the links to each property 
http://www.rightmove.co.uk/property-for-sale/property-51368639.html
http://www.rightmove.co.uk/property-for-sale/property-51368648.html 
http://www.rightmove.co.uk/property-for-sale/property-51368645.html 
http://www.rightmove.co.uk/property-for-sale/property-51368633.html

Two are promising £475pcm and two are promising £520pcm - as before I think £520 is a bit high (I'd work on £495pcm) so that will bring in a combined £1940pcm 

All four of them have been reduced to £70,000 and given the time on the market the seller may be open to offers - if you based the calculations on getting 5% off the price of them individually they'd deliver 8.6% or 8.9% Gross Yield

They don't have to be bought together but anyone in a position to do so would be able to negotiate a more substantial discount - based on the above the portfolio would return 9.2% Gross Yield based on securing a 10% discount on the combined £280,000 price

Once again we don't know the internal condition or the calibre of tenant, but the properties are in an area where finding working tenants shouldn't be an issue assuming the properties are in a good condition

Call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com to chat about this opportunity or any aspect of the Sunderland property market



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