Investment
opportunity

investments in the UK

Buy to Let

Purchase of a flat in need of a very light refurbishment in the Lapa neighbourhood of Porto.

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Location

PORTO – PORTUGAL

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Acquisition cost

150’500€

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Refurbishment

5’000€

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Total investment

155’500€

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Net rental income

13’540€

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Expected annual appreciation

4.00%

Strategy

This opportunity consists in purchasing a flat in the Lapa neighbourhood in Porto, 100m from a subway station, 20 minutes walk from the city centre and less than 10 minutes walking distance from 2 hospitals. The property needs a light comsetic refurbishment after which it can be rented on short/medium term to students, professionals and tourists, or on a long traditional lease contract for a minimum of 4 years.

Purchase
BUYING PRICE 144’000€
TRANSACTION COSTS 6’500€
LIGHT REFURBISHMENT 5’000€
TOTAL INVESTMENT 155’500€
Rental income
GROSS RENT 17’400€
MANAGEMENT COSTS 2’258€
BILLS AND TAXES 450€
MAINTENANCE 1’152€
NET INCOME 13’540€

Purchase

BUYING PRICE: 144’000€
TRANSACTION COSTS: 6’500€
LIGHT REFURBISHMENT: 5’000€
TOTAL INVESTMENT: 155’500€

Rental income
GROSS RENT 17’400€
MANAGEMENT COSTS 2’258€
BILLS AND TAXES 450€
MAINTENANCE 1’152€
NET INCOME 13’540€

Location

Warrington is a large town in the North West of England in between Liverpool and Manchester, with excellent motorway and rail links to both. With a population of 210 000 Warrington is the largest town in the county of Cheshire. There is a large Unilever factory in Warrington where detergents are made. IKEA chose Warrington as the location for their first store when they came to the UK. The Omega Development Site close to the M62 on the northern edge of Warrington is a major business park to be developed in stages over the next 30 years. Warrington has also set out its plans to become a “New City” by looking to build up to 24,000 new homes and around 381 hectars of land over the next 20 years. Once the new homes and employment areas are built it is hoped that it will take the population of Warrington to around 350,000.
Warrington has strengths in the chemicals and plastics industry with key manufacturers, which include Perstorp, Solvay, PQ Silicas, Unilever, Colas and Perrite. Automotive related suppliers include: Clarcor (Baldwin Filters), Camcoat Performance Coatings, Krauss Maffei and K&N Filters. Engineering is notably strong, particularly in nuclear engineering. Key employers in this sector include Sellafield Ltd, Rolls- Royce, Nuvia, and AMEC. Due to its central location in the motorway network there is significant logistics and warehousing sector, including DHL. Warrington has the fourth highest jobs growth in the UK (at 4.5% – only bettered by Edinburgh, Brighton and London).

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