An exciting opportunity for our top Yielders. A large Victorian property purchased for £925,000 used as three flats for over 20 years. The opportunity arose to purchase this property for £1m but as cash buyers we were able to negotiate a significant discount of £75,000. The property was purchased with a view; to refurbishing the three flats to add significant value (gross development value of £1.7m), to flip the property with the development potential (£1.2m), or to hold the property as a yielding asset (approx 4.5% gross rent pa). All options were kept open and while marketing the property an offer of £1.2m was received and the decision to sell was taken. This represented a 51% gross annualised return for our investors for a transaction that was executed and completed within 4 months.
Projected capital & rental return at end of investment:
Projected annual rental return will be: