£20,257 per annum from a 1 bed apartment in Tipton, West Midlands, with no running costs to the owner.
To be clear from the start: you are investing in property with a commercial lease in place, not buying a business. The apartment is let on a 25 year agreement to a housing association that provides supported living accommodation. It is already operating, and the rent is paid monthly with annual increases.
Unlike a buy to let, you do not manage the property or deal with tenants. You are buying the apartment with the lease already in place, and the income that comes with it. Asking price £158,261.
Investment highlights:
- Asking price £158,261
- £20,257 per annum rental income, paid monthly with annual increases
- No running costs
- 25 year agreement with a housing association providing supported living
- The operator paying the rent turns over around £30 million a year, which is a large part of what makes the covenant strong
- Fully passive: no staff, no premises to manage and no day to day involvement
- Already operating, with income from day one
The property is a 1 bed apartment in Aaron Manby Court, a refurbished red brick building in Tipton with a secure ground floor entrance. It is close to local amenities and transport links into Birmingham and the wider West Midlands, in an area with established demand for supported living accommodation.
Like any investment, this one carries risk. Send us an enquiry and we will talk you through those risks properly, so you can judge whether it fits what you are looking for. We also have other opportunities in different locations and at different price points.
