- Guaranteed Rental income for 8 years
- Minimum 7% rental yield
- 999 Years Lease
- Attractive Location
Heyes Lane Primary School (0.4mi.)
Sandilands Primary School (0.4mi.)
Brooklands Primary School (0.6mi.)
Agent online is pleased to bring to the market this Serviced Studio apartment in a tourist hotspot with guaranteed rental income for the next 9 years.
This is a stress-free, hands-off ‘armchair’ investment. All rent is assured and guaranteed for the next 8 years (Years 2021 to 2028 inclusive), (This is subject to continuous occupation).
The Rent will continue to increase from 7% net to 8% net during the next 8 years.
Please note in Year 9 (i.e. 2028) the future owner has several options they may choose from:
1. Sign a new rental agreement with the Present management company Baker Harrington - who will continue to look after the unit and future tenant - paying the future owner ongoing rental income.
2. The future owner may appoint their own management company and choose their own tenant as they see fit, charging rent to the future occupier at the rate they wish to set.
3. Or they can exercise the buy-back option with Trivelles Trafford (in year 2028)
The property comes with a 999 year leasehold .
- Reception/Front Desk
- Contemporary Designed Bedrooms
- Laundry Services
- Wi-Fi In All Rooms
- Wi-fi In Public Areas
- 24 Hours Security
- Bicycle Stand & Free Car Parking
- Tourist Attractions, Minutes Walk To Transport Facilities
- Dining Area
Why Invest In Serviced Apartments?
Serviced apartments are a great alternative to a hotel. Thanks to the space, value & freedom they offer. They offer a great alternative for corporate clients looking to provide cost effective accommodation for a range of different circumstances.
Serviced apartments can offer great flexibility, a more comfortable living environment and deliver efficiency savings typically for the corporate client. Serviced flats can work alongside with usual corporate travel company to provide customers with the right solution for their accommodation needs.
Staying away from home in a hotel for long periods is never particularly comfortable. A serviced apartment is fully furnished with kitchenette, living & work space provided. On average they are larger than a comparable hotel room. They also offer the opportunity to have guests and eat in or out during your stay.
Being Sold by Online Auction
Starting Bids from £36,000
Buy it now option available
GOTO Online Auctions is a new, innovative and pioneering platform for buying and selling property. Open to both cash and mortgage buyers. It provides all the benefits synonymous with traditional auctions, including: speed and certainty of sale, transparency and zero risk of gazumping or double-selling but with the added advantage of being able to bid pressure-free from the comfort of your own home or office via desktop, tablet or mobile phone. GOTO also offer a Buy-it-Now feature which allows you to place an offer and purchase before the Auction end date.
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be required to exchange contracts immediately after the fall of the virtual hammer, however the buyer will be given 56 days in which to complete the transaction, from the date the Draft Contract is received by the buyer’s solicitor, with the aim being to exchange contracts within the first 28 days. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort. The Buyers Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £5,400 including VAT plus an administration charge of £354 including VAT, a total of £5,754. This secures the transaction and takes the property off the market.
The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.
Note from the team at Agent OnlineWe always aim to ensure our properties are displayed accurately with the photos, floorplans and descriptions provided. However these are intended as a guide and purchasers must satisfy themselves by viewing the property in person.
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