Available  

Flat for sale

Green Lane Gateshead Gateshead, NE10 0SB

NE10 0SB, Baltic Road, Gateshead, NE10, Gateshead

Sale Price: £64,950

Listed 15 days ago and may not be available Listed on 10/29/2015

 290 Elgin Avenue, London
*When you call don't forget to mention Houser.co.uk

Green Lane Gateshead Gateshead, NE10 0SB

Property Summary:

Flat
-- Bed(s)
-- Bath(s)
interested in this property.
 

Property description

We are delighted to introduce you to a unique investment opportunity in a care facility providing accommodation and onsite education courses for individuals with learning disabilities located in Gateshead. Learning Disability accommodation and education facilities across the country are in short supply. This facility will be the first facility in England to bring together advanced living for people with learning disabilities who are transitioning from home or more formal setting towards their own independence.  The Education arm will also supply onsite accredited education courses to help the service user lead a fulfilling and productive life. The Local Authority are supporting this project due to the huge demand for facilities such as this. This also provides further reassurance in terms of investment returns.

KEY FEATURES

Receive 10% net returns for 10 years on completion

Unique, pioneering  Care Accommodation and Education facility with Local authority support

Total price £64,950

Earn 5% on money's deposited before completion

Guaranteed buy back at end of year 10 at 110% which equates to £71,445

Reserve your unit now for £5,000

 

Exit Strategies

Guaranteed Buy Back Option at end of year 5 with a 7.5% uplift on original price £64950 + £4871.25 = £69821.25

Guaranteed Buy Back Option at end of year 10 with a 10% uplift on original price £64950 + £6495     = £71445

 

Sales Process

Reserve your unit now for just £5,000

Your balance of first payment will be due within 28 days from receipt of reservation contract.

Buyers solicitor will then be engaged. Financial return paid in arrears quarterly direct to your

nominated bank account.

5% interest (paid quarterly in arrears) until refurbishment has been completed 1st September 2016,

when the total funds of £65k are received at exchange.

Payment Structure

Reservation Fee of  just £5000 deposit

UK solicitors instructed and contracts issued

First instalment of £26000 due at exchange of contracts 28 days after reservation

Second instalment of £26000 due February/March 2016

Completion monies £7950 due July 2016


Property Features :

  • UK Care Facility Investment
  • 10% Net Guaranteed Returns For 10 Years
  • Defined Exit Strategy
  • Supported By The Local Authority
  • Only 40 Rooms Available