UK PROPERTY INVESTMENT SPECIALISTS

Property Details

CO-OPERATION STREET

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All details are uploaded by the listing provider directly. Sky International do NOT guarantee the accuracy of any information. Buyers could validate the details by adopting the following measures:


1) Hiring a qualified surveyor to provide a report. It costs a few hundred pounds in general, and takes about a week's time
2) Requesting for details from the vendor's solicitor. They're legally governed to provide accurate information
3) Visiting the property in person


If still unsure about existing properties, buyers could consider developer properties, which normally provide free snags-rectifying after completion, as well as 6 to 10 years structural warranty.

 


Last update 2021-08-31 14:19:38
Name of Property CO-OPERATION STREET
Name of Block
City Bacup
Address Co-Operation Street, Bacup, OL13 9JH
Property Type Residential – house
Existing or Under Construction Existing
Expected Completion Time Completed
Selling Price HKD 2,241,205
No. of Rooms 5 rooms or above
Size (sq. ft.) 1152
Ownership Type Freehold
Is It Tenanted Yes
Can Be Sold Vacant No
Tenancy Details £13,905 per year, guaranteed for 7 years. Such rental income represents an annual return of 6.08% for an investor! This property has been rented to a social housing provider who's providing the investor the following benefits: - Guaranteed Rent - Tenant Damage Cover - Free Property and Lettings Management - No Void periods - Cover All Utility Bills
Ground Rent (Annual) 0
Service Charge (Annual) 0
Parking Space 0
Landlords Remarks CASH BUYERS ONLY.


The property was recently renovated to meet the housing providers standards/criteria set by the government for social housing.


This property is sold with a 7-year supported living lease in place, this means the buyer makes rental income from day 1.


No renovation works or effort/costs in finding a tenant is required - the property is being sold as a performing investment property.


Located in Lancashire, which has great access to neighboring cities like Preston and Burnley via the impressive motorway network and train links. Currently Lancashire has an estimated population of 1.495 million, plenty of local amenities, large business, parks etc providing a strong tenant demand.

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