Stoke-on-Trent - 3 Year Lease Option Readymade Block of 4 Studio Flats- Click for more info

Description

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

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3 Year Lease Option

Rent to Serviced Accommodation Opportunity

Readymade Block of 4 Studio Flats

Percy Street, Hanley, Stoke-on-Trent, ST1 1NA

Rent to Landlord = £700 pcm each flat

Total Rent to Landlord (For 4 Flats) = £2,800 pcm

Finder’s Fee = £8,000 + Vat (£2,000 + Vat per Flat)

Potential Gross Income Based on 80% Occupancy = £5,352 pcm = £64,224 per annum

CASHFLOW AFTER ALL THE ABOVE COSTS

Managed = £909 pcm = £10,908 per annum

Cashflow over 3 years = £32,724

Self Managed = £1,752 pcm = £21,024 per annum

Cashflow over 3 years = £63,072

For a limited time only, we have managed to secure a readymade block of 4 studio flats within proximity to Stoke City Centre.

The block is a recently converted residential building with cluster of studio flats. These 4 studio flats are currently running as serviced accommodations. Each of the studio flats comes with private kitchenettes that houses a mini fridge and kettle.

New secure car park is being completed for residents of the new block on Charles Street which is 2-minute walk from the block, offering discounted rates and will be completed by the end of the month.

The property is conveniently situated in a location with great transport connections, close to City Centre, local shops, and all amenities the city has to offer.

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

Ad ID: 1403013397