G4S and Nacro portfolio for sale

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Posted in:
14th September 2018
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Rare opportunity to purchase a portfolio of nine properties in Hartlepool & Sunderland that are let on long term leases to G4S & Nacro. The portfolio consists of 6 x 2 bedroom houses , 1 x 4 beroom house & 2 x 1 bedroom flats. The flats are leased to Nacro until 2020 whilst the houses are leased to G4S until 2022. All of the properties were refurbished in 2017 and have repairing leases. The portfolio is available for £420k and is currently generating £61k income pa.

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Price – £420000.
Annual Rent – £61000.
Gross Yield – 14.6%.

  • Samll portfolio.
  • 9 properties in total.
  • Sold leased to Nacro & G4S.
  • Contracts up  to 2022.
  • Scope to refinance.
  • High yield.

FINANCIALS

  • Purchase price: £420000.
  • Annual rental income: £61000.
  • Gross yield: 14.7%.
  • Refurbishment £0.
  • On going contracts.

Location

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Contact us

Address: North East Property Investment Ltd.
2 South Terrace
Sunderland
SR5 2AW

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