Flexi Let

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Flexi Let Overview

Flexi-Lets provide a versatile commercial space that will be suitable for a huge range of businesses.
The units are 2000 sq ft made up of:

* Two 500 sq foot offices – one on the ground floor and one on the first floor
* 1000 sq foot of light commercial space next door.

There is also the possibility of adding a mezzanine floor across part or all of the commercial space and increase the unit size by 1000sq ft. The Flexi-lets come with five parking spaces included. There are limitless uses for Flexi-let; from furniture or carpet showrooms through to children’s indoor play centres or an MOT testing centre. They are based in a superb motorway adjacent locations in already thriving business communities.The purchase is £179,950. The market value is £199,950. A 5% deposit would be required to secure a Flexi-let unit payable in two installments.
The initial reservation fee of £2000 and then a top up within 30 days of £6,995 per unit. Completion costs will be in the region of £14,000 but the developer is offering one years guaranteed rental at £1400 pcm up front on completion which equates to £16,900.This would leave you with approximately £2900 cash back on completion which will cover the mortgage for 3-4 months whilst we find a tenant for you.Anticipated rent for the units is £1300-£1400 per calendar month, your commercial mortgage at todays rates would be £875 per month giving you in the region of £500 per month positive cash flow.We will find tenants on your behalf and as with our other commercial developments the tenants will sign up for three or five year leases effectively giving you between three and five years of mortgage cover. Flexi-lets offer a unique opportunity to invest in an increasingly vibrant commercial property market.For an total investment of under £8995 you will be buying 2000 (with potential for 3000) square feet of commercial space in a fabulous motorway adjacent location. The rental demand for this kind of space is huge and this project will generate a steady stream of passive income for many years to come.Marry to this the existing benefits of buying commercial:-

Low Deposit 10%
80% Mortgages Available (See IFA for further info)
Long Term Lets (3 to 5 years)
Quality Tenants
Ongoing Rent at 8%
SIPP Friendly (See SIPP advisors for full information)
Tax Benefits (Taper Relief from 40% - 10 % after year 2)
Low service charge (paid by the tenant)

You’ll see that this represents a fantastic opportunity and as there are only a limited number available we are expecting these to sell out extremely quickly.