Tuesday, 30 July 2013

BTL Closing Down Sale - Complete Carnage in North London

Property Spotter previously featured this example of what happens when BTL goes wrong.

Today the story gets even worse with a further desperate bid to offload the portfolio at a 65% discount from the original asking price.  That's got to hurt...

http://www.rightmove.co.uk/commercial-property-for-sale/property-25406985.html
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2 comments:

  1. Anonymous22 September 2013 at 09:03

    Wow. That is not going to end well for the vendor!

    ReplyDelete
  2. Anonymous22 September 2013 at 09:06

    Further thought: At the highest price, the gross yield was 2.1%, now it's 6%. Wonder how much higher that will go...

    ReplyDelete

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