Properties with Massive 50% Discounts - Ideal Buy To Let Property Investment in UK
Online, February 28, 2011 (Newswire.com) - Luxury 2 bed / 2 bath Apartments in Central Manchester, Just 10 Available for Only £70,000
Prices from just £70,000 (comparable are £130,000 - £140,000)
Excellent location - Just 10 mins walk to Manchester City Centre
Located in a planned £1 BILLION development area
Massive discounts of up to 50%to comparable properties in the area.
Achieve a ROI of over 1,400% on completion*
Ideal specification and location for professional tenants
High estimated rental yields of 12.5% on completion*
Just 10 minutes to Manchester city centre
Just 10% down to exchange
Assignable contracts - option to sell before completion for quick ROI of 500%
With less and less new build starting and many new developments on hold over the last 2 years, this has exaggerated the shortage of new housing required in many parts of the UK.
Developers have seen land values drop, and have been reluctant to develop when end values can be less than build costs, and in some cases have handed back the land to the banks. This has allowed other developers to buy this land often at knockdown prices which allows them to build at competitive rates and pass on this discount to end buyers!
The developer we are working with has been able to purchase land at these low prices from banks which has allowed them to maintain a high build quality whilst keeping the price low to maximise sales rather than margins like some developers do.
Each development project the group undertakes is delivered under an SPV (special purpose vehicle), minimising risk exposure to each development and the group as a whole.
They aim to be a leading provider of high quality, sustainable properties at realistic prices.
Developers are willing to give very good discounts for those buying off plan to secure some early sales. We have been able to negotiate prices at around 30% less than comparable in the area at today's prices, and around half the prices of 2 bed / 2 bath apartments just 1-2 years ago! This gives massive equity immediately which maximises your upside should you wish to sell on.
The lack of supply over the last 2 years has also meant demand is strong from tenants and owner occupiers for good quality property, and we have managing agents who have confirmed the demand for properties in the areas we have targeted.
