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Studio flat for sale

Porthkerry Road, Barry, Vale Of Glamorgan, The, CF62

£44,950

Property Description

Key features

  • Immediate returns providing 300pcm after all costs
  • Close to the airport and train station
  • Concierge Services
  • 8% NET returns
  • Bar on site
  • 5 year investment
  • Free private parking is available on site
  • 108% buyback
  • Low risk expansion operation
  • No stamp duty

Full description

Tenure: Leasehold

Facilities include events space, gym, coffee shop and a beauty room. The developers operate and control the 44 rooms, and there is also a beautiful cottage to be refurbished in the winter to add another dimension to the offering.

The operators also have tenants who are trading in the beauty rooms, gym, coffee shop and events space. The developers are offering just 20 rooms exclusively to Westport Invest's clients so that they remain an equal stakeholder. In return they are offering an 8% NET return to investors fixed for 5 years. On top of that they are also offering a buyback at 108% during year 5 so that they can return to the majority stakeholder.

This is a rare opportunity to get involved in an already successful business with no off-plan risks and a clear exit strategy.

Due to the small number of units available investors are urged to request availability now to avoid disappointment.


Listing History

Added on Rightmove:
26 December 2017

Map & Street View

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