An Exciting opportunity to develop a public house into 7 individual flats 2x one bedroom and 5x two bedrooms.
- Purchase Price £200,000
- Development Cost £180,000
- End Value £500,00 to £550,000
- Income circa £57,000 per annum.
- Circa £120,000-170,000 equity created.
- Yield 12-13
The refurbishment will include
- Comprehensive development of the site into planned spaces utilising all of the building
- New double glazing and heating systems throughout
- Landscaping and renovating external aspects maintaining the buildings integrity
- Installing new bathrooms and kitchens
- Redecorating throughout
- Our service will negotiate, organise finance for you if necessary, convey and progress the sale, project manage the development, tenant the property and manage the tenancy and block on-going.
- Fossey Taylor Management Fee. Fee includes the following: Securing the sale, procurement and progression, putting you in touch with all the right professionals to advise and aid your purchase, plus then project management through to a finished project, ready to rent and passed over to our lettings team.
Call Shannon 0115 824 84 84 for further details and to secure this property.