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Investment Details:

  Sale & Leaseback - Skegness
Property Details Pic1
property Investment
Property Details Pic2 Property Details Pic3
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Key Selling Points

* Funds return 20.3% (bank 2% approx)
* Tenanted from Day 1
* £9,975 in
* Valuation paid for
* £169 per month after expenses
* Guaranteed 20% discount against buyer's valuation
* Rent guarantee insurance with Endsleigh

Other Information

Delivery Date : Available Now
Finance Available : 75%
Deposit Required: 25%
Entry Level: £9975
Est. Gross Rental Return: £650
Est. Net Rental Return:
Anticipated Return of Initial Investment :
Buy As : Investment Property

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Name: Sale & Leaseback - Skegness
Property Reference:
PRI004
Location Information:
Country: Region: Lincolnshire
Location1:
Skegness
Investment Type(s): Property
Price
: £ 104,000
Price(max): £ 0
Income Generation Begins From (approx): Month1

Investment Summary
Details

RICS Valuation: £130,000
Purchase Price: £104,000

Total buying costs: £9,975
Net cashflow: £169 p/m

Rent agreed: £650
Mortgage @ 4.79% £389.19

*Rental valuation coverage for
mortgage 141%

Introduction

At Discover and Invest we are delighted to offer the first of this week's two unique property deals that really tick all the boxes – 20% discounted (guaranteed against buyer’s RICS valuation), £169 per month net profit, only £9,975 in buying costs with valuation paid!

Investment summary

For only £9,975, an investor can purchase one of our extremely strong cashflow positive properties with a 20% guaranteed discount negotiated on a RICS valuation performed only 4 weeks ago. The property, worth £130,000 but available for purchase at £104,000, is tenanted from day one, which gives a positive net cashflow of over £169 per month.

The sellers are renting the property back at a premium, thereby providing you with a quality tenant who is likely to be long-term.

This rent is also secured by Endsleigh Insurance who will guarantee rent for a period of 6-12 months if the tenant fails to pay (paperwork on request)

Uniquely, no funds are risked on this deal. We are so confident that the valuations are accurate that we will pay for your RICS valuation as instructed by your chosen lender.

This is refundable should the property be down-valued and the vendor unable to honour the 20% discount.

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Disclaimer
Every effort is made to provide accurate and complete information on the website and the information provided.

All financial and property investments bear varying degrees of risk. Discover and Invest Ltd. is not FSA regulated and therefore, we strongly discourage you from making any investment decision based upon the information that you cannot independently confirm. We thoroughly recommend that you seek independent advice from a qualified financial advisor or solicitor before you make any decision regarding any financial investment offerings.

DAI may make available certain financial information provided by third parties, including information regarding mortgages, personal finance and property investments. Such investment information is for information purposes only and you should not construe it as investment advice or use it for trading or investing purposes.