Developing investment opportunity
Mevanna Prestige has been highly successful in recent years in developing properties solely for investment purposes. We have been able to deliver high yield returns during a period of financial instability which are unmatched by most other types of investment.
This innovative property investment opportunity is most definitely NOT just an option to buy into a property fund. They comprise a number of individual units which are fully managed. All existing units are fully tenanted and are currently producing a yield of 8% gross. The following deductions are made to each unit, which allow for 6.14% net income.
• Management fees
• Building insurance
• Parish rates
• Electric / water
• Property sinking fund
This investment product is particularly attractive to clients with money currently on deposit and generating poor returns. At current interest rates, £60,000 invested with a bank would realise around £600 a year. The same amount invested in one of our properties would bring a net annual income of £3,684.