Ashworth House - Assisted Living Investment

Investment Highlights

  • Assisted Living Investment
  • Strong Yields
  • Completed
  • Tenanted
  • Long Lease
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ERE Property is delighted to offer this period-style development of 57 apartments comprising 46 studio apartments and 11 x 1-bedroom apartments.

 

Ashworth House is located in Burnley, a town and the administrative centre of the wider Borough of Burnley in Lancashire, England. This development is located 21 miles (34km) north of Manchester and only 20 miles (32km) east of Preston, a great commuter location. 

  • 10% NET rental assurance
  • Prices from £175,000
  • Potential buy-back option within three years triggered by a minimum 30% uplift
  • Fully managed for 25 years by Yale Housing.
  • There are no landlord costs for ground rent, service charges, building insurance, or management charges.
  • Cash purchase only (Simultaneous exchange and completion)
  • Reservation fee: £5000

All apartments are subject to a 125-year lease, which commenced in 2017, with a 25-year management agreement (which commences on completion of the sale) via Yale Housing Association, which provides assisted living care.

  • Studio units at £175,000 are let at £1,458 per month, generating an assured net rental yield of 10%.
  • One-bedroom units at £182,000 are let at £1,517 per month, generating an assured net rental yield of 10%

Alongside the impressive yields, investors could see a capital uplift of 30% + within the next three years. All units are sold with a potential buyback option lasting three years. Any percentage achieved over 30% will be split 50-50 between the apartment owner and the developer, who will orchestrate the sale.*

 

*Exclusion of Liability - The information contained within this brochure in connection with Yale Housing Association Limited’s (“Yale”) involvement in the property(ies) transaction(s) and any Lease/Agreement with Yale on completion, has been provided directly to us by Yale and we have had no involvement in relation to this information. We do not accept any liability, whether by way of Misinterpretation, fraudulent or not, for the information provided by Yale to us to market a property for sale containing Yale’s offer to enter
into an Agreement/Lease with a Buyer on Completion is to be true and correct.' 

*Our calculators are provided for illustrative purposes only, they do not take your personal circumstances into consideration and the results are not guaranteed to be accurate or fit for any purpose. The presented results should not be taken as professional advice, or relied upon as the sole basis for making important decisions.

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