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 in the city of York. Unlike many commercial projects this property has been split into individual offices within a fully managed complex, providing the purchaser the opportunity to enter the commercial market at a lower price point.

There are 11 units within the property that are fully managed, providing 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 towards the management and maintenance, so this is a truly net figure. The Aspire Offices are let unfurnished and therefore suitable for a SIPP, 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 city centre, close by to landmarks such as York Minster, making this an attractive area for professionals. Indeed the tenants in situation range from the solicitors, developers, business consultants and other similar professionals.

The project is completed, providing the investor with immediate income. The complex is a mixed development of residential units, retail units, including a Sainsburys supermarket. We have also sourced experienced commercial lawyers to assist the investor through the process.