29 Bed Newly Refurbished HMO
A 29 bed HMO, positioned in Middlesbrough Town Centre with a 10-year lease attached which secures the vendor an incredible £69,500 PA / £5,792 PCM. The lease is with Mears PLC – who last year won the £1.15 billion Home office contract to provide Asylum seeker accommodation.
At a purchase price of £1,050,000, there are no associated costs, and absolutely no outgoings – simply pay the mortgage & reap the rental!
You have total security of rent over 10 years, which will increase on a compound basis. Acquired in September 2019 and refurbished to a very high standard by an established developer and contractor; we are now offering this incredible investment opportunity to our investors.
For a free PDF information pack on this deal enter your details below and we’ll send to your inbox direct:
Or call 0115 985 3964 to discuss this deal in person.
Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.