£36,400 per annum from a freehold 2 bed semi detached house in Market Weighton, with no running costs to the owner.
The vacant value of this property is around £225,000. You are not buying an empty house: you are investing in a packaged, income generating opportunity, with the lease and the income already in place.
To be clear from the start: you are investing in commercial property, not buying a business. The house 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 freehold with the lease already in place, and the income that comes with it. Asking price £260,000.
Investment highlights:
- Freehold, asking price £260,000
- £36,400 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 modern, newly built 2 bed semi detached house on the Holme Road development in Market Weighton, finished in stone and render, with an integral garage and driveway parking. It is close to local amenities and transport links, 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.
