Description
ASHWORTH COURT, BURNLEY - SUPPORTED LIVING
NET YIELDS OF 10% ASSURED FOR 25 YEARS
Please find below the information pack for our latest launch, Ashworth House, Burnley. Offering a minimum £18,200 returns in year one, assured for 25 years. If this is of interest, please let me know and I shall provide a full breakdown of the best available apartment.
Ashworth House presents a compelling proposition, offering an assured 10% net return over 25 years. This opportunity is made possible through a 25-year FRI (Fully Repairing and Insuring) Lease, facilitated by Yale Housing Association, a reputable Community Benefit Society dedicated to providing safe and quality accommodation tailored to the specific needs of tenants.
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Fully managed, hands-off investment.
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Apartments are £182,000 - Cash Purchase
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A starting NET yield of 10% - £18,200 profit. (£1,516 per month)
- Annual rent review with upward-only adjustments in line with inflation.
- No ground rent
- No service charge
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25-year FRI Lease - No maintenance or repairs costs
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No void Periods - even if vacant, rent is paid every month.
- High-quality apartments have been recently fully refurbished and centrally located, just a few minutes walk from the town centre
Buyback Option:
In the first 3 years there is a buyback option whereby if an institutional investor were to buy the whole block, you would receive a 30% uplift on your investment. It can not be lower. You can sell the apartment any time after the first 3 years and there. It is possible to sell before the 3 years as long as the buyer agrees to the above buyback clause.
Expected returns based on CPI
Based on a realistic worst-case scenario of 2.5% CPI you would be looking at a return of £708,000 plus the resale value if you wish to sell at that point. Most forecasts are expecting inflation to settle around 2-3% (currently its 6.4%)
It is also worth noting that the turnaround is very quick, for example, if you bought a unit today and exchanged it before the 25th of June you would receive your first rental payment on the 1st of July (£1,516).
This is reviewed annually and adjusted in line with CPI +1 accordingly. For example if CPI is 4% when reviewed, the following years rent would be £19,110 PA
The apartments are managed by Yale Housing Association. They are a not-for-profit company, created to provide safe, supportive and sustainable housing to vulnerable adults under the 117 act. In addition to providing high-quality accommodation, they offer dedicated support to ensure our clients can maintain their tenancy whilst also supporting their self-development. Tailored support to meet the individual needs and desires of each person enables them to lead independent and fulfilling lives.
LOCATION:
Ashworth House is centrally located in Burnley City Centre, a stones throw away from the shops, restaurants & major employers. The excellent transport links make it easily accessible both locally & nationally making it a commputer city to Leeds & Manchester.
Additionally, Burnley carries a strong industrial heritage, particularly in the
textile industry. As a key center for cotton weaving and textile
manufacturing during the Industrial Revolution, the town has left a lasting
legacy. The remnants of its industrial past can still be seen in the historic
mills and buildings that dot the landscape, serving as a reminder of
Burnley's vibrant history.
Furthermore, Burnley has embarked on impressive 21 Million pound
regeneration efforts in recent years, revitalising its infrastructure,
attracting investments, and fostering a thriving cultural scene. The town's
commitment to enhancing its quality of life is evident through the
development of theaters, art galleries, and museums that showcase local
talent and preserve its rich history.
If you have any questions or would like me to recommend some units for you just feel free to get in touch on +447 957 117 217 or invest@truerealestate.co.uk. Alternatively leave tour details in the contact form and we'll be in touch.
