Assisted Living Development - Doncaster

£130,000

Property in UK

Description

This development is located in Doncaster, South Yorkshire. This new development is ideally positioned in the heart of the region with excellent transport links- easy access to the A1(M) and M18, and direct rail services from Doncaster Station to major cities like London and Leeds.

There are already 3 successful assisted living sites operational in the area: Harworth House, Companions House, and Croft Court. Due to ongoing demand, we are pleased to introduce this latest investment opportunity.

 

The property is completed and already tenanted. That means no waiting period, no build delays, and no sourcing headaches. You start earning from day one.

 

Financials:

  • Price – £130,000
  • NET Monthly Return – £1083.33
  • NET Annual Return – £13,000
  • NET 25 Year Return – (with minimum 2% CPI yearly increase) – £416,393.90

Additional benefits include:

  • FRI Lease (Fully Repairing and Insuring): Yale handles all repairs, maintenance, and insurance for the duration of the lease, meaning there are no maintenance costs for you.
  • Leases are CPI-linked and reviewed annually, allowing rental payments to increase in line with inflation, up to a maximum of 5% per year, ensuring your rental income grows year on year. (To give you an idea last year our investors received a 4.4% increase and then this new tax year our investors received 3.8%)

Development Summary:

Assisted Living Properties are residential apartments which are let out to private health care tenants, due to the nature of the tenants the rents are commissioned by the DWP (Department of Work and Pensions). So typically get you a much higher NET rental yield than a traditional buy to let property and the rental income is assured for a full 25 years with zero void periods.

  • 10% NET rental income for a 25-year lease (Increases in line with CPI)
  • Assisted living accommodation let to private health care tenants
  • Fully furnished properties
  • 25-year lease with Yale Housing association
  • Fully repair and insured, all running costs paid by tenant (No additional charges)
  • Rents are collected by Yale from DWP (Central Government – Department of Work and Pensions)
  • 1st rental payment on the 1st working day of each month
  • Brand new 999 year building lease

Payment Plan – Cash Purchase

  • Reservation deposit – £5000
  • Remaining balance upon completion, minus the deposit you have placed per unit. £125,000

Exit Clause:

  • There is a clause in the contract whereby the developer may be able to sell the whole development to a fund (usually a pension fund) within 3 years of the client purchasing the development (The client would get a minimum of 30% uplift from the sale of development, they would be entitled to all of the first 30% uplift and then 50/50 split with developer for anything above that.)
  • This is an excellent option as the location is perfect for this type of accommodation and this is one of the best priced point in the market.

Floor Plans

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