Charity lease: 10 year assured income, £70,200 per annum

Sale price is £1,002,857, £70,200 pa rental income. 10 year assured lease. FRI (fully repairing and insured) lease. Three storey Victorian building converted to a six studio room HMO, leased to a registered charity. This would be a cash purchase due to the tenant type however as more lenders come into market there may be an opportunity to remortgage.

10 year build warranty provided. Rent over 10 year period projected as: £882,968 (based on a 5% increase per annum). Agents fee applies. This type of tenant is not ideal for all clients. Please contact us to discuss if this could fit into your portfolio. You should always seek your own legal advice, as well as your own due diligence on the lease and the area.