Strategy. Buy and hold 

Location. Salford

Sourced For Client

x3 Mixed use properties comprising of commercial on the ground floor and residential on the first floor.

Financial Overview

 

Purchase Price (Per Unit)

£110,000

 

Deposit 25%

£27,500

Stamp Duty (Mixed Use)

£0

 

Solicitor Fees

£950

Refurb

£0

 

TOTAL COSTS

£

 

Monthly Cashflow
 

Rental Income

£475 - Commercial 

£500 - Residential

 

Mortgage @4%

£275

 

Letting Fees

£97.50

CASH FLOW

£602.50   7,230

Yield

12.7%

We have a number of clients with specific investment criteria and we always work hard to bring them exactly what they need. 

In the above example we were able to do just that. Our clients specific (and very narrow) requirements were to purchase commercial units in salford, off market and BMV and we were able to provide them with just that. 

The three mixed use properties consisted of commercial units to the ground floor and residential apartments on the first floor. We were direct to vendor and had been negotiating these deals for a few weeks prior to marketing them. Therefore we had developed a good relationship with the vendor and were able to iron out any concerns ahead of introducing a buyer to them. 

It is key that a good relationship with the vendor is built prior to introducing buyers otherwise deals can fall down and both parties can feel frustrated. That is why we always do our own due diligence on every property we intend to source in order to make the purchase nice and simple for our clients.

This particular client