The Clubhouse Apartments, 55 Rochdale Road, Greetland
Address: The Clubhouse Apartments, 55 Rochdale Road, Greetland, HX4 8AH
Price: £820,000
Market Value: £1.2m
Negotiated Price: £820,000
An opportunity has arisen to purchase a portfolio of 11 luxury apartments recently converted within a former clubhouse, conveniently located with a town centre location and close to the M62 Leeds/Manchester commuter belt. The conversion consists of 3 x 2 bed apartments and 8 x 1 bed apartments. The location offers a fantastic opportunity for capital growth and will bring in a rental income of approximately £5,255 p.m. Title is currently on a freehold but can be split down into individual leases if required.
Rental Income
An opportunity has arisen to purchase a portfolio of 11 luxury apartments recently converted within a former clubhouse, conveniently located with a town centre location and close to the M62 Leeds/Manchester commuter belt. The conversion consists of 3 x 2 bed apartments and 8 x 1 bed apartments. The location offers a fantastic opportunity for capital growth and will bring in a rental income of approximately £5,255 p.m. Title is currently on a freehold but can be split down into individual leases if required.Rental Income
The rental yield based on a purchase price of £820k is 7.4%. The portfolio as a whole will generate a rental income of £5,255p.m.Proposal
We have on your behalf negotiated a purchase price of £850,000 for the entire port folio with a valuation of £1.2m.which is a discount of just under 30%. We will arrange the mortgage and instruct the solicitors on your behalf. 2 tenants have already been secured and we will assist you in finding tenants for the remaining apartments.Fees
Property First will charge a 2% finders fee for this portfolio. You will be responsible for the mortgage costs and the sellers solicitors fee’s.