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Key selling points
- NO FINDERS FEE
- £40,000 BMV
- Guarantee 12 months 8% yield - Fully Managed 3-5 year lease periods
- £12,000 cash back on completion
- Low deposit
- Central location, excellent motorway links
Flexi-Lets are another unique commercial investment opportunity. They provide a versatile commercial space that will be suitable for a huge range of businesses.
The units are 2000 sq ft made up of:
• Two 500 sq foot offices – one on the ground floor and one on the first floor and
• 1000 sq foot of light commercial space next door.
There is also the possibility of adding a mezzanine floor across part or all of the commercial space and increase the unit size by 1000sq ft.
The flexi lets come with five parking spaces included.
There are limitless uses of the units; from furniture or carpet showrooms through to children’s indoor play centres an or MOT testing centre. They are based in a superb location just off the M65 in Burnley, next door to one of our business centres.
The purchase is made up of two transactions of £99,950, meaning they are exempt from stamp duty and making it easier to resell as two separate units in the future. The market value is £119,950 each. Giving a total purchase price of £199,900 and a total market value of £239,900 – a £40,000 reduction.
A 10% deposit would be required payable in two installments.
The initial reservation fee of £2000 and then a top up within 30 days of £7,995 per unit. On completion you would get a cash back amount of £6,000 per unit. Based on an interest rate of 7% the mortgage repayments would be £560 per month.
For the first twelve months we guarantee an 8% yield worked out using the following equation:
£99,950 x 8%
12
Giving a sum of £669 income per month. We will find tenants on your behalf and as with our other commercial developments the tenants will sign up for three or five year leases effectively giving you between three and five years of mortgage cover.
The property is freehold.
Flexi lets offer a unique opportunity to invest in an increasingly vibrant commercial property market.
For an initial investment of under 20k with 12k back on completion you will be buying 2000 (with potential for 3000) square feet of commercial space in a fabulous motorway adjacent location. The rental demand for this kind of space is high and this project will generate a steady stream of passive income for many years to come.
Marry to this the existing benefits of buying commercial:-
• Low Deposit 10%
• 80% Mortgages Available (See IFA for further info)
• 12 Months Rental Guarantee at 8%
• Long Term Lets (3 to 5 years)
• Quality Tenants
• Ongoing Rent at 8%
• SIPP Friendly (See SIPP advisors for full information)
• Tax Benefits (Taper Relief from 40% - 10 % after year 2)
• Fully Managed and Maintained
You’ll see that this represents a fantastic opportunity and as there are only 10 units available we are expecting these to sell out extremely quickly.
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