For Sale
Charnley Road
From £120,000
14% NET Rental Yield
For Sale
Charnley Road
From £120,000
14% NET Rental Yield
Overview
Specification
Location Overview
Charnley Road is a converted period building at 14-16 Charnley Road in central Blackpool, providing fully furnished studio and one-bedroom supported living apartments for vulnerable adults referred by the local authority.
Apartments are priced at £120,000, each producing a contractual net rent of £16,900 per year, a 14.08% NET yield on the purchase price, paid monthly from day one.
Each apartment is let to a specialist supported housing provider operating as a Community Interest Company on a 25-year fully repairing and insuring (FRI) agreement. Rent is payable whether or not the apartment is occupied, with annual upwards-only reviews linked to CPI + 1%, and all maintenance and management costs sit with the provider.
Supported housing is a needs-driven sector. Local authorities have a legal duty to house vulnerable residents, and long-term supported accommodation is far more cost-effective for councils than hostels or emergency hotel placements, giving the sector a durable demand profile.
Charnley Road is a converted period building at 14-16 Charnley Road in central Blackpool, providing fully furnished studio and one-bedroom supported living apartments for vulnerable adults referred by the local authority.
Apartments are priced at £120,000, each producing a contractual net rent of £16,900 per year, a 14.08% NET yield on the purchase price, paid monthly from day one.
Each apartment is let to a specialist supported housing provider operating as a Community Interest Company on a 25-year fully repairing and insuring (FRI) agreement. Rent is payable whether or not the apartment is occupied, with annual upwards-only reviews linked to CPI + 1%, and all maintenance and management costs sit with the provider.
Supported housing is a needs-driven sector. Local authorities have a legal duty to house vulnerable residents, and long-term supported accommodation is far more cost-effective for councils than hostels or emergency hotel placements, giving the sector a durable demand profile.
Specification
Charnley Road is a converted period building at 14-16 Charnley Road in central Blackpool, providing fully furnished studio and one-bedroom supported living apartments for vulnerable adults referred by the local authority.
Apartments are priced at £120,000, each producing a contractual net rent of £16,900 per year, a 14.08% NET yield on the purchase price, paid monthly from day one.
Each apartment is let to a specialist supported housing provider operating as a Community Interest Company on a 25-year fully repairing and insuring (FRI) agreement. Rent is payable whether or not the apartment is occupied, with annual upwards-only reviews linked to CPI + 1%, and all maintenance and management costs sit with the provider.
Supported housing is a needs-driven sector. Local authorities have a legal duty to house vulnerable residents, and long-term supported accommodation is far more cost-effective for councils than hostels or emergency hotel placements, giving the sector a durable demand profile.
Location Overview
Overview
Charnley Road is a converted period building at 14-16 Charnley Road in central Blackpool, providing fully furnished studio and one-bedroom supported living apartments for vulnerable adults referred by the local authority.
Apartments are priced at £120,000, each producing a contractual net rent of £16,900 per year, a 14.08% NET yield on the purchase price, paid monthly from day one.
Each apartment is let to a specialist supported housing provider operating as a Community Interest Company on a 25-year fully repairing and insuring (FRI) agreement. Rent is payable whether or not the apartment is occupied, with annual upwards-only reviews linked to CPI + 1%, and all maintenance and management costs sit with the provider.
Supported housing is a needs-driven sector. Local authorities have a legal duty to house vulnerable residents, and long-term supported accommodation is far more cost-effective for councils than hostels or emergency hotel placements, giving the sector a durable demand profile.
Investment Highlights
Investment Highlights
• 14.08% NET yield (£16,900 per year, paid monthly) • 25-year FRI agreement with a supported housing provider • Rent payable whether or not occupied • Annual upwards-only rent reviews linked to CPI + 1% • No management, letting or maintenance costs • Fully furnished and fire-compliant • Developer call option within 3 years at a minimum of 30% above purchase price • Studios and one-bedroom apartments
From £120,000
From £120,000
From £120,000
14% NET Rental Yield
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