Flat for sale in Radcliffe Crescent, Thornaby, Stockton-On-Tees TS17

Guide price £69,995
Flat for sale - 1 bedroom 1
Interested in this property? Call +44 20 8115 8144 * or Request Details

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Property features

  • 10-12% Net Income
  • Fully managed investment
  • Developer buy back
  • Cash purchase
  • Refurbishment
  • 25 years experiance
  • No Stamp Duty

Property description

This is a rare opportunity to purchase an ethical and lucrative investment opportunity with a 10% net yield guaranteed for 25 years!
Teesdale Lodge is a modern purpose-built Care Home which provides accommodation for adults who need short or long-term expert residential or skilled nursing care. The property comprises of 40 single rooms with en- suite facilities. All of the rooms are on the ground floor which creates ease for the elderly or less-able to be able to move around freely and the cleverly designed hallways are divided into a number of wings with all amenities close together which include 3 lounges, a dining room and a garden & patio area. Situated within a quiet, residential area of Stockton, Teesdale Lodge is easily accessible for both locals and visitors and many local residents have made Teesdale Lodge their permanent home.

Investment Highlights:
- May 2019 completion
- Price range from £64,995 to £69,995
- 10% net income for 25 years
- Buy back option available for the investor/developer between years 5-25 @ 110%-125%
- 25% on exchange of contracts

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For more information about this property, please contact
Property and Invest, N1 on +44 20 8115 8144 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Property and Invest, and do not constitute property particulars. Please contact Property and Invest for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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