Pension Investment Opportunity

Residential property with the benefit of a 25-year lease to a local authority

Brochure and Financial Illustration

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Residential property with the benefit of a 25-year lease to a local authority

  • Very Strong Covenant
  • Rents indexed to the Harmonized Index of Consumer Prices (HICP)
  • Self-Managing Asset with long terms lease.
  • B2 Energy Rating
  • Fully furnished and refurbished to a very high standard of finish
  • Lease provides for full interior repair and maintenance over the lease period
  • Rent of €13,440 per annum
  • Yield of 4.5% per annum
  • Target return of c. 12% per annum
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Property Description:

A newly renovated 3-bedroom semi-detached property c. 1120 square feet in size, with garage and B2 energy rating located in Carrigaline, Co Cork*. The property presents an attractive pension investment opportunity as it offered to the market with the benefit of a 25-year lease with a local authority. The lease provides for an initial rental return of €13,440 per annum which represents an initial yield of 4.5%. The rental return is indexed to the Harmonized Index of Consumer Prices (HICP) which has increased on average by 1.68% per annum over the last 24 years. The investment is targeting a 12% annual return assuming finance of up to 50% loan to value.

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Property Description:

A newly renovated 3-bedroom semi-detached property c. 1120 square feet in size, with garage and B2 energy rating located in Carrigaline, Co Cork*. The property presents an attractive pension investment opportunity as it offered to the market with the benefit of a 25-year lease with a local authority. The lease provides for an initial rental return of €13,440 per annum which represents an initial yield of 4.5%. The rental return is indexed to the Harmonized Index of Consumer Prices (HICP) which has increased on average by 1.68% per annum over the last 24 years. The investment is targeting a 12% annual return assuming finance of up to 50% loan to value.

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Lease Summary:

The property is being sold with the benefit of a fully transferable, 25-year lease with a local authority with an initial rent of €13,440 per annum mapping to an initial yield of 4.5%. Rents are subject to review on the 3rd anniversary of the initial date and every 3rd subsequent year. Rents are adjusted in direct proportion with the change in the Harmonised Index of Consumer Prices (HICP). The index has averaged a 1.68% annual increase and 5.27% 3-year increase from 1996 to 2020. Given the present economic climate, inflation is expected to increase in the following years. The European Commission has forecasted Ireland’s HICP to increase 0.3% and 1.6% in 2021 and 2022, respectively

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