Excellent price point for commercial sector with 15 year 8% net return

Aspire Offices

Principal International are delighted to offer to the market this excellent opportunity within the commercial sector. Unlike many commercial projects this property has been split up  into individual offices within a fully managed complex giving the purchaser the opportunity to enter the commercial market at a lower price point.

These 11  properties are fully managed providing the purchasers with a "hands off " investment with a guaranteed net return of 8% for 15 years. Investors can be reassured that this rental guarantee is backed by an insurance policy. The tenants contribute to the management and maintenance charges so this is truly a net figure. The properties are let unfurnished and therefore suitable for a SIPP, should this be a consideration for those looking to invest in this excellent project, although approval will need to be sought from the individual SIPP provider.

The properties as we understand are suitable for traditional commercial finance up to 60% LTV subject to status and have an established exit market.

This development is set within the Bootham area of York and is just a few minutes walk from the town centre and the landmarks such as York Minster making this an attractive are for professionals. Indeed the tenants in situation range from the solicitors, developers, business consultants and other similar professionals.

The project is completed, so can provide the investor with instant income. The complex has a mix of property with residential units and a Sainsburys supermarket below. We have also sourced experienced commercial lawyers to assist the investor through the process.