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Fully Let Shop and Flat
About this property
Fully Let Shop and Flat in Lancashire
No Stamp duty!
This well presented shop and flat has a combined income of £960.00 per month with scope to increase over time. Two income streams one property.
FINANCIALS
Purchase Price: £129,000
Investment Required : £37,450 with 75% LTV
Income: £960.pcm / £11,520p/a
Profit: £556.pcm / £6,672p/a
Investment Required : £15,200 with 75% LTV
ROCE: 18%
Gross Yield: 9%
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Investment calculators
Estimate only, using UK additional-property SDLT rates. Confirm the exact figure with a solicitor or accountant before exchanging.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.
Need finance? Sourced Financial Services can find the right mortgage for this deal and secure same-day decisions in principle.
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