Property for Sale: House (Detached) in York, York | 1stclass Homes IL

Sale of new cottages in the park for recreation with subsequent delivery in a guaranteed lease!

Construction period 3-4 months!

Project Phases:

• Phase 1 of the first opened on February 14, 2020
• 24 horseshoe-shaped cottages set around the Black Bull Pub and Restaurant in the picturesque quiet village of Barmston in East Yorkshire

Product:

• The cottages are built under factory control, which ensures excellent quality control
• Redevelopment of the site from start to finish takes 12-14 weeks, which means that there is no lengthy construction work, sometimes amounting to 18-24 months, for example in the case of student dormitories or residential apartments
• After the house is made in the factory, it is transported and installed. For each block of 5 houses (loggias), a deal is made, and then they are rented out, which allows investors to receive their income
• A step-by-step approach to the completion of the construction of houses and their rental allows you to easily increase the level of occupancy
• The management company begins to promote the product and accept pre-orders several months before completion, starting work from the first day
• Investors do not need to wait more than 3-4 months from the moment of exchanging contracts and signing them to start receiving income
• All cabins are built in accordance with the highest residential standard BS3632
• All cabins are provided with a 10-year warranty
• Houses with 2/3 bedrooms and a living room are individually designed
• All cabins are standardly equipped with decking, barbecue and outdoor Jacuzzi 

Investment offer:

• 8% per annum for 10 years with a fixed annual increase
• Fully independent management – passive income
• 2 weeks of personal use per year is included in the price of any retreat
• Secured by a 250-year leasehold registered with the UK Land Registry.
• Tax-free income for several years due to tax benefits in relation to this tourism sector (recreation centers)
• Sale of the lodge at any time (without commission)
• Operator repurchase for the 5th, 7th or 10th year of ownership
• Price range-2-bedroom from £124,990 and 3-bedroom from £139,990

 Key financial indicators-achievable rental yield:

• Each lodge brings in an average of between £35,000 and £45,000 at 80% occupancy
• All operating costs, including land rent and maintenance fees, account for about 54% of the total rent
• Houses after all expenses bring in a net of between £16,000 and £21,000 a year
• The annual annuity payment to the investor of 8% ranges from £10,000 to £11,200
• After paying the rent to the investor, the operator of the park/recreation center receives a significant operating profit from each house
• Even when the load level is below 50%, the rent is stable, and the company still makes an operating profit
• option to buy back for 5, 7 and 10 years of ownership for 105%, 107% and 110% of the purchase price, respectively