(Q) WHATS FOR SALE?
(A) THIS LISTING is for a large ground floor shop and a large two bedroom 1st floor flat i have taken in P/X.
It is in Blackpool FY1. situated on the corner of Westmoorland Ave and Grasmere Road.
Flat currently returning £6000.00 p/a on a 6month s/h/t
Shop has just been 95% renovated with excellent security and all new electric shutters all round.
Rental Valuation from commercial agent £7000.00 p/a
Separate entrances for both units.
Total rental income when the shop is let will be a combined total of £13.000 p/a.
The return rental Yield will = 13.4% or thereabouts. This is obviously a fantastic investment opportunity not to be missed.
The shop can be split in two separate units easily and has two points of entry.
The property requires some minor works to finish off. We can quote and carry out these works on your behalf if required.
The asking price for this investment property is £97000.00
Please read the following very carefully and watch for my listings coming on in 2017 as i have some very interesting properties coming on to the market for investors. We buy renovate sell/rent properties on a very fast turnaround so we do ask that only investors with the funds available apply to purchase these properties from us. We ask this as in the past we have had buyers tying up properties whilst they apply for mortgages only to be declined some 3 to 4 months later for whatever reasons they come out with, During that period i could have sold the property to a cash buyer 3 or 4 times over and moved on to the next. These properties are good value and sell quickly to the genuine investors. Once you have viewed and approved a property and committed to it we will ask you pledge a £5000.00 non refundable deposit with our legal team or the property remains 100% for sale on the investors market until an exchange takes place. Apologies for this to all the genuine investors out there but i am sure you will understand our reasons for this if you are in the property industry.
WHAT MY COMPANY CAN OFFER POTENTIAL INVESTORS
We currently have a range of investment properties for sale here in Blackpool with excellent rental yields for investors looking for investment in Blackpool and the surrounding areas. The rental market in this area is as always very strong with a range of affordable properties available. I currently work with several investors on different schemes and we are looking to expand our investor network for 2017. We offer a range of services from simply a finders fee for locating you a property at a bargain price up to a full turn key package where we locate you a property to suit your requirements and fully refurbish it to your specification and hand it back to you ready to rent or for you to sell on . We also offer a full management package where we will rent your property,manage and maintain it for you. All our management and maintenance is done in house and we do not employe sub contractors. I manage and run x2 teams of qualified plumbers / electricians joiners and all associated trades required to convert these properties to a standard of your choice.We work closely with a local builders supplies who offer us attractive rates on all materials to convert your property.
We have our own private portfolio of over 40 properties and have been in the property industry for over 30 years here in Blackpool. So we have a good sound knowledge of the geographical areas and the tenant base in and around the surrounding areas of Blackpool.
We successfully purchased and fully converted x7 properties in 2016 which are now fully let and producing excellent yields.We will convert properties into a single dwelling or flats/apartments etc subject to the necessary planning consents required for that particular conversion. We can arrange surveyors / architects / meetings with planners etc to over see your whole project so you dont have the burden of dealing with awkward legalities.
Whilst conversions are on going we provide photographic evidence of each stage which is emailed to you on regular intervals so you can see in detail the progress on site. We present our clients with all the relevant documentation and guarantees etc at the end of every project at hand over.
We have found from previous investors that the biggest problem for them is not just locating a suitable property at a good price, it was finding a local contractor who they could rely on to carry out the project and complete it in a certain time frame and maintain a good standard of work through out the whole project. This is something we pride our company on and this is how we manage to achieve excellent working relationships with investors from all parts of the UK.
We will refurbish a 1 bedroom flat all the way up to a block of 16 apartments.
P/N We do not personally carry out new build projects but we do work in partnership with another developer who does have the infrastructure and levels of experience to execute these development sites.
Thank you for taking the time to read our listing and should you require any more information or wish to engage in any project with us please contact me for further information on the email provided below.
Jim Sloane (managing director)