Profitable Property Business In Thriving University Town For Sale!!! | | Loughborough Leicestershire | | Successful property business currently holding one 5 bed rental property in the popular university town of Loughborough. Strong 3 year letting history with the property already let for the 11/12 academic year for £1500 per month!. Freehold to buy Profitable Property Business In Thriving University Town For Sale!!! is located in Leicestershire. | | ADVERT NUMBER : 56808
ADVERT IMPRESSIONS : 10,331 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Investment Properties | | SALE: | Private Sale | ASKING PRICE: | £57000 | | | | | BUSINESS DETAILS: | This property business is currently based in the popular university town of Loughborough. Due to a new business venture, it is now available to purchase for £57, 000. The property currently generates £1500 per month in rental income and it is already let for the 11/12 academic year at this rate, giving the future owner a guaranteed income! The budget for the 11/12 academic year shows a net profit of £9, 664 giving a very healthy return for minimal effort.
The property itself is a 5 bed semi-detached property which has been extended to the rear and side providing good sized letting rooms along with generous amounts of communal space. The property was modernised in 2007 and it is a fully compliant and licenced House in Multiple Occupancy (HMO). The property is situated 1 mile from the main university gates and has proven a popular choice amongst prospective tenants since being first let. The 2011/2012 tenants were signed up within 2 days of advertising!
The property is held by the company on a freehold basis with an outstanding mortgage balance of £133, 000. The mortgage is held on very attractive rates (1. 75% over BOE) and this will passed over to the new owner of the business. The business valuation includes the equity stake in the property £37, 000(£170, 000-133, 000), the fixtures and fittings plus the entreprise value.
For further details please contact the vendor. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
