17:08 PM, 4th June 2015, About 6 years ago 23
When I saw a property listed in Liverpool today showing a 36% gross yield I thought it must be a mistake, so I called the agent.
It’s not a mistake!
I was told the property is let to a blue chip company on a rolling 12 month company let agreement with a verbal commitment to renew for two further years.
The property is fully furnished and part of the deal is that all bills are included and the property is cleaned weekly. Apparently this nets down from gross rent of £1,600 pcm to a net rent of £1,000 pcm. Nevertheless, even if you crunch the numbers down at that level the yield is still a whopping 22.66% based on a purchase price of £52,950.
A few years ago, when I was still buying, I’d have been very tempted to go and have a look for myself, even though Liverpool is about as far from me as I could get in England.
Whoever buys this property, or even if you just go and have a look, please come back here and share your thoughts.
Just in case you didn’t know, our portal can be found on our home page. Just click the Property118.com logo at the top left of your screen to get there.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleRapid eviction of residential tenants webinar – 17th June at 12.30pm
Next ArticleRegulated activity or not?
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|