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Key selling points
- Only £12,000 in, with £6000 cash back
- £20,000 Instant Equity on completion
- Fully Managed by the Developer on completion
- 12 months Guarantee rental at 8%
- Long Term Lets of 3 to 5 years
- City Centre Location
We are delighted to offer this great commercial property deal that we have been working with developers on over the past few months. We have 30 professional units available in a new development that will be completed June 2009, situated in a great location in the centre on Manchester.
The key facts: Luxury offices suites (500 Sq Ft), excellent location (Manchester City Centre), ample spacious car parking, 12 months rental guarantee at 8%, long-term lets for 3-5 years with quality tenants found for you (£650-£700/month), this is a SIPP friendly investment and will be fully managed by the developer after completion.
Finance and Figures: With a purchase price of £100,000 and a valuation already done at £120,000 there will be £20,000 instant equity for buyers in this development. With an 80% LTV mortgage (80% of £120,000) there will be the option of £6000 cash back for buyers on completion.
HOW MUCH CASH IS REQUIRED?
Valuation= £120,000
Purchase price= £100,000
10% Deposit required on the net price = £10,000.
At reservation =£2000, with remaining balance (£8,000) due in 30 days.
Legal Fees = £500 (approx).
Sourcing fee of £2000 + VAT
A commercial mortgage can cover the balance (80% of £120,000 = £96,000 i.e. giving £6000 cash back)
On completion the total cost for the buyer will be ONLY £6000.
PLEASE MAKE AN ENQUIRY BELOW TO RECEIVE A FULL PACK FOR THE DEVELOPMENT.
We Also source more high yielding buy to let deals in the UK than any other company, and have a proven track record. We regularly feature in the property magazines in the UK, and only source in local hotspots where our local finders operate from, and in areas we invest in ourselves.
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