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Get close to 40% NET yield on cash by leveraging!
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Classical architecture & contemporary design
City Lofts is a rare opportunity to invest in a classic old building in the centre of Halifax, West Yorkshire – a town located within easy reach of both Leeds and Manchester.
It’s being redeveloped into a mix of 1 & 2 bedroom apartments, which will be managed as serviced accommodation. The building is in a prime town centre location, with easy access to all the shopping, bars, cafes and the lively nightlife found in Halifax. |
Financial performance
While the aesthetics of the building will ensure this investment performs well relative to the market in terms of capital growth, it’s the income potential that really stands out.
Take a look at this illustrative example: |
| 1 Bed Apartment |
£112,000 |
| 25% Deposit |
£28,000 |
| Nightly Short Let Rate |
£100 |
| Occupancy |
75% |
| Gross Income |
£27,375 |
| Deductions |
£13,044 |
| NET Income |
£14,331 |
| NET Yield |
12.80% |
| Mortgage |
75% LTV |
| Deposit |
£28,000 |
| Loan Amount |
£84,000 |
| Interest Rate |
3.79% |
| Interest Only Cost |
£3,184 |
| Income After Mortgage |
£11,147 |
| NET Yield on Cash Deposit |
39.8% |
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Next Steps
If you like the look of the building and the numbers, click below to register your interest and one of the Concept Invest team will be in touch to discuss the details of the project. |
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