SUMMARY: 2 Bedrooms with 1 bathroom home located in York England . This House in York England is for sale for €140,913 .Sale of new cottages in the park for recreation with subsequent delivery in a guaranteed lease!
Construction period 3-4 months!
Phase 1 of the first opened on February 14, 2020
24 horseshoe-shaped cottages set around the Black Bull Pub and Restaurant in the picturesque quiet village of Barmston in East Yorkshire
The cottages are built under factory control, which ensures excellent quality control
Redevelopment of the site from start to finish takes 12-14 weeks, which means that there is no lengthy construction work, sometimes amounting to 18-24 months, for example in the case of student dormitories or residential apartments
After the house is made in the factory, it is transported and installed. For each block of 5 houses (loggias), a deal is made, and then they are rented out, which allows investors to receive their income
A step-by-step approach to the completion of the construction of houses and their rental allows you to easily increase the level of occupancy
The management company begins to promote the product and accept pre-orders several months before completion, starting work from the first day
Investors do not need to wait more than 3-4 months from the moment of exchanging contracts and signing them to start receiving income
All cabins are built in accordance with the highest residential standard BS3632
All cabins are provided with a 10-year warranty
Houses with 2/3 bedrooms and a living room are individually designed
All cabins are standardly equipped with decking, barbecue and outdoor Jacuzzi
8% per annum for 10 years with a fixed annual increase
Fully independent management - passive income
2 weeks of personal use per year is included in the price of any retreat
Secured by a 250-year leasehold registered with the UK Land Registry.
Tax-free income for several years due to tax benefits in relation to this tourism sector (recreation centers)
Sale of the lodge at any time (without commission)
Operator repurchase for the 5th, 7th or 10th year of ownership
Price range-2-bedroom from £124,990 and 3-bedroom from £139,990
Key financial indicators-achievable rental yield:
Each lodge brings in an average of between £35,000 and £45,000 at 80% occupancy
All operating costs, including land rent and maintenance fees, account for about 54% of the total rent
Houses after all expenses bring in a net of between £16,000 and £21,000 a year
The annual annuity payment to the investor of 8% ranges from £10,000 to £11,200
After paying the rent to the investor, the operator of the park/recreation center receives a significant operating profit from each house
Even when the load level is below 50%, the rent is stable, and the company still makes an operating profit
option to buy back for 5, 7 and 10 years of ownership for 105%, 107% and 110% of the purchase price, respectively
- Beds: 2
- Baths: 1
- Price: €140,913
- Status: Available
- Internal Reference No.: CCLT-T11094
- Area: 33 m2
- Number of Floors: 1
- Equipped Kitchen
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2021-05-01, Viewed 53 times.