langton

 

Langton St Salford M6 5PX- Sold

This was a renovation of an empty property that was empty more than 2 years. We had to bring power and water back to the property. A full rehab was needed that took approx 6 weeks worth of work. . The property was converted into a 4 bed HMO with a guaranteed rent of 8%+  with no voids, no maintenance. The property was let on a 5 year contract to the Home Office designated vendor for a niche of social housing.  The property generates 10,400 GBP per year NET.

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Hyde Road Denton M34 3AU – Sold

This was a conversion and renovation of an empty office.  A full rehab was needed that took approx 16 weeks worth of work.  The property was converted into a 4 bed HMO with a guaranteed rent of 8%+ with no voids, no maintenance. The property was let on a 5 year contract to the Home Office designated vendor for social housing.  The property generates 12,480 GBP per year NET

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Memorial Road M28 3AG – Sold

This was a conversion and renovation of an empty store.  A full rehab was needed that took approx 16 weeks worth of work. This property is sold and in the process of being conveyed as of 6/7/2015. The property was converted into 3 self contained flats. This property is in the High of Worsley. The property was let on a 5 year contract to the council with no voids.   The property. The internal rate of return on this property is close to the 20% range with rents and value added.

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