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£103,500

Prices from

7%

Assured NET Yields

Dec 2018

Complete

Buy to Let Apartments – Preston

Fresh Invest are delighted to offer you this exclusive opportunity to purchase a  “smart home” in central Preston with an assured Net Yield of 7%

  • 31 x 1, 2 and 3 Bed Apartments
  • 7% Assured NET Yield
  • Excellent Commuter Location
  • Complete December 2018
  • 70% Sold!
  • Prices from £103,500

More Information

EXECUTIVE SUMMARY

The Sorting Office is a ‘Smart Home’ development, built with the modern landlord in mind. It offers simpler management, lower costs and smarter rental options for today’s Generation Rent.

A true build-to-rent apartment development, The Sorting Office doesn’t only score with its clever design, integrated technology and overall ‘wow factor’ but also its outstanding location itself.

Whether you’re a hands-on landlord, a hands-off investor or a local resident looking for a state-of-the-art home, The Sorting Office ticks all the boxes.

INVESTMENT HIGHLIGHTS:

– 1 beds from £103,500, 2 Beds from £135,500, 3 Beds from £229,500
– Private Parking included
– Designed to maximise living space
 7% Assured NET Yield
– 600m to Preston Train Station
– 40 Mins to Manchester / 1Hr to Liverpool
– 70% Sold Out!

INVESTMENT STRUCTURE (30%/70%):

£5,000 Reservation Fee
30% on Exchange (Less Res Fee)
70% Balance on completion, (December 2018)

INVESTMENT STRUCTURE (30%/20%/25%/25%):
10% Discount for these Purchasers

£5,000 Reservation Fee
30% on Exchange (Less Res Fee)
20% On Site Works Commencing
25% 1st Fix Completion
25% Balance on completion, (December 2018)

THE FINANCIALS (Cash):
£120,000 – Purchase Price
£8,400 – Net Rental PA

THE FINANCIALS (Mortgage):
1 Bed Apartment – £120,000
70% – Loan to Value Rate
3.5% – Interest Rate
£36,000 – Deposit
£84,000 – Mortgage
£2,940 – Mortgage Cost Pa (£245 pcm)
£5,460 – Net Rental Return (£455 PCM)
15.2% – Return on Capital invested.