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Key selling points
- Fully Let - 12 month contracts
- Min 8% Net return PA
- Low cost investment from just £23,960 to £31,960
- 50% finance available (subject to status)
- 13% capital growth last year!
- Twenty-four very spacious 1 & 2 bedroom apartments
- Newly refurbished to a very high standard
- All year round outdoor leisure and tourism
- The perfect investment for all the family!
Pine View Apartments, Tranas Sweden
Now available fully let - Min 8% net return PA
A substantial detached newly refurbished p/b block comprising of just 24 very spacious apartments of original mid 70`s construction.
Location: 2 kilometres from the Town centre of Tranas, Sweden
AMENITIES INCLUDE:
* Passenger Lift - Central heating to all apartments and common parts - constant hot water, Internal cleaning of common parts and external up-keep of gardens & pathways.
* Ground floor entrance lobby leading to wide spiral staircase serving all upper floors.
* Passenger Lift.
* The apartments are arranged over 6 floors and in addition is a substantial Basement area divided to provide storage rooms for each apartment.
* There is also a Laundry room on Ground floor.
PINE VIEW APARTMENTS is a newly refurbished block of just 24 spacious apartments made up of 17 x one bedroom and 7 x two bedroom apartments.
The building has 6 floors in total with four apartments on each floor, 3 x 1 bedroom apartments & 1 x 2 bedroom apartment.
Room sizes as follows:
One Bedroom Apartments = 62m2
* Doors leading from central hallway/lobby
* Entry Hall = 4.6 x 1.36m. With fitted cupboards
* Bathroom = 4.2 x 1.49m.
* Reception = 5.63 x 3.56m.
* Kitchen = 4.2 x 2.86m.
* Bedroom = 4.2 x 2.87m.
* Fitted wardrobes in the bedroom 2.4 x 1.21m.
Two Bedroom Apartments = 82m2
* Entry Hall = 2.13 x 2.1m. Leading to entrance hall 2.13 x 2.34m.
* Reception = 5,6 x 3.6m.
* Kitchen = 'L' shaped 3.18 x 5.3m.
* Bedroom 1 = 5.13 x 2.92m. with built in cupboards (doorway through to kitchen if required)
* Bedroom 2 = 3.73 x 2.85m. With door leading to
* balcony 2.71 x 1.25m.
* Bathroom = 4.18 x 1.50m. W.C./wash hand basin.
* Sep. W.C = 1.42 x 1.23m.
Prices:
1 bedroom Apartments Just £23,960 - Service Charge/monthly = £152
2 bedroom Apartments Just £31,960 - Service Charge/monthly = £172
Rental Information: 23 of 24 apartments have been let on 12 month contracts in just the last two weeks alone.
Minimum guaranteed net return 8% PA
The only closings costs with this purchase are conveyancing costs which are between 1-3% and a 1% Stamp Duty. All other costs are included in the monthly Service Charges.
Please note: The 'Service Charges' are on the high side, possibly 20% over budget until we have the 1st years figures in, this can only increase your net return PA.
Property prices in Tranas last year rose by 13%, these figures are certainly set to continue for 2008 and beyond.
Service Charges:
Which at first glance may seem quite high BUT INCLUDE all of the following:
* Annual property tax
* Buildings and public liability Insurance
* Cleaning of all internal and external common parts, including snow clearing and gritting during winter months
* Heating and lighting of the common parts and if you do not occupy your apartment during the winter months it also includes heating within your apartment maintaining a safe minimum temperature. (please note: all radiators have an independant meter fitted, which registers electricity consumed for which you are liable over and above the minimum usage referred to).
* Constant hot water 24 hours daily
* Lift maintenance
* All common area costs for cleaning and painting of the facade, renovation of ceilings, pipes, drainage. Exterior renovation and exterior electrical ventilation equipment plus all related vat.
* All of the above outgoings are included in the annual service charges, pre-calculated and approved by owners and certified annually by an accountant.
* You as an owner have the right to voice and determine your own affairs by democratic vote held at the annual general meeting of resident owners.
YOU PAY ONLY FOR ELECTRICITY YOU CONSUME.
In addition: Each apartment has a centrally heated storage room in the basement and a seperate secure caged area for your bicycles, skies etc. There is also a secure cold cupboard for boxed or canned food products i.e. snacks of vegetables etc. There is a common laundry room on the ground floor with a washing machine, spin dryer and ironing facilities.
Outside Ammenities: For which there is a seperate annual charge per family of approx $45.00 Entitles you to a special card giving access to a brand new swimming pool, a tennis court, a safe play area for children with a wonderful selection of swings and slides etc. If your apartment is fully let when you purchase here, it's the current owner who must pay this fee for the tenant to use these facilities.
There are also several barbeque areas for all the family to enjoy the use of and where you can mingle and meet with your neighbours. Ample free car parking areas available for everyone.
For more information on this superb investment opportunity/location please get in touch as soon as possible.
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