50% shared ownership-ideal opportunity for student
Rent: £350 per month
I need to raise some equity to set-up a business. I wish to sell 50% of my flat and have a joint equity partnership with someone. I need approx. £80k so would be looking for offers around £80+. Here are the financials – Essentially you would buy 50% of the flat. This guarantees £350 rental income pcm = £4,200 pa.(or you could live in it) I am willing to negotiate an exit route i.e. 5 years later you have the contractual option to a) sell the 50% back to me at the value you purchased it + 15% Or b) buy the remaining 50% at market value in year1 or c) another reasonable option. For e.g. for a) if you purchased 50% at £80,000 today in 5 years I would have to buy it back at £92K. Your gain would be: (5year x 4,200) + 15% increase in value (for eg £12k) £33,000 minus mortgage repayments The market value of the flat is £185,000. Let me know if you’re interested. Advertise your room for free on Easyroommate, click the link here: "Post your room".
Location:
| Town: | Edinburgh | Area: | Edinburgh Centre |
| Address: | Gardners Crescent | Other info: | N/A |
Room / Flat Info:
| Available from: | 21/05/2012 | Available for: | 1 months |
| # of Rooms: | 2 | # of Bathrooms: | 1 |
50% shared ownership-ideal opportunity for student
Rent: £350 per month
I need to raise some equity to set-up a business. I wish to sell 50% of my flat and have a joint equity partnership with someone. I need approx. £80k so would be looking for offers around £80+. Here are the financials – Essentially you would buy 50% of the flat. This guarantees £350 rental income pcm = £4,200 pa.(or you could live in it) I am willing to negotiate an exit route i.e. 5 years later you have the contractual option to a) sell the 50% back to me at the value you purchased it + 15% Or b) buy the remaining 50% at market value in year1 or c) another reasonable option. For e.g. for a) if you purchased 50% at £80,000 today in 5 years I would have to buy it back at £92K. Your gain would be: (5year x 4,200) + 15% increase in value (for eg £12k) £33,000 minus mortgage repayments The market value of the flat is £185,000. Let me know if you’re interested. Advertise your room for free on Easyroommate, click the link here: "Post your room".
Location:
| Town: | Edinburgh | Area: | Edinburgh Centre |
| Address: | Gardners Crescent | Other info: | N/A |
Room / Flat Info:
| Available from: | 21/05/2012 | Available for: | 1 months |
| # of Rooms: | 2 | # of Bathrooms: | 1 |