What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network
Key financials
GDV£1,165,000
Profit£137,000
ROCE49%
Purchase £ £25,000
Property description
Strategy: Unreg Property Loans
This is a fantastic multiple exit strategy project, suitable for both short term and long term finance structures.
The property is currently a £325,000 commercial office block of 347sqm based in Bramhall, Stockport. The property comprises 12 suites, of which 8 currently have tenants in situ with an annual revenue of £58,000 per year partially tenanted. While fully tenanted, the projected income exceeds £80,000 per year.
Our aim is to purchase the property under a holding bridge, allowing us to retain the building for a maximum of 3 years with no early exit fees, should we decide to convert the office space into apartments. At that point, we would have the option to sell or retain the asset. The initial goal is to have the office fully tenanted, providing the flexibility to either keep it as a commercial investment or eventually proceed with a residential conversion.
There is also the option to convert the building into 6 apartments, with a combined GDV of £1,165,000.
Unregulated Property Loan Financials
▪ Required Investment: ONLY £50,000
▪ Return: 15-20% interest PCA
▪ Security: Second Charge Repayment upon sale.
▪ Purchase price: £325,000
▪ Purchase costs: £25,000
▪ Build costs: £450,000
▪ GDV: £1,165,000
▪ Current annual rental income: £58,000
▪ Fully tenanted: £81,000
For further information, please get in touch
Sourced reference: 776628357557185
Due diligence
No information supplied.
Location
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Key financials
GDV£1,165,000
Profit£137,000
ROCE49%
Purchase £ £25,000
Sales Agent
David McDermott
McDermott Developments & Co
Smart support to move your deal forward
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What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network