Studio Apartment | Sale
OVER 7% NET YIELD!! LOW ENTRY LEVEL CASH INVESTMENT FULLY TENANTED & GENERATING IMMEDIATE INCOME
Mr Investa are pleased to bring to the market a HIGH YIELDING portfolio of 11 UNITS within the popular and FULLY OCCUPIED student development in Leeds, Lovell Park. These low entry level priced units are AVAILABLE FOR SALE INDIVIDUALLY OR AS A BULK PURCHASE making this ideal to suit all budgets to quickly expand your property portfolio.
Lovell Park is located in the north of Leeds city centre just off the A64 motorway, within 1 mile of Leeds Beckett University and a variety of shops, bars, restaurants and cafes. The development is also convenient for public transport including regular bus and train services.
These student properties offer an ideal opportunity for buy-to let investors looking for a fully managed hands off investment at an attractive price and offering a lucrative yield.
As well as the various flats within Lovell Park, the communal areas comprise; entrance with security intercom access, residents gym, equipped games room, lounge, laundry room, courtyard and car park.
Of the 66 fully furnished rooms in the development we have a total of 11 units available for sale in the portfolio. Each flat comprises; private entrance, lounge with double bed, study desk with chair, uPVC double glazed window, electric heater, wall mounted TV and access to an ensuite shower room/WC.
These ensuite bedrooms share modern fully fitted kitchens within the building, with appliances included. As the kitchens are communal, any upgrades are not the sole responsibility of the owner, meaning less maintenance cost for a landlord of an ensuite bedroom.
Current Financial Performance for the 2023/24 Academic Year Rental Income: £5,980 per annum (based on a 46 week contract at £130pw) Service Charge: £1,321 per annum Ground Rent: £350 per annum Lettings Fee 9% + VAT: £645.84 per annum
NET Income: £3,663.16 per annum NET Yield: 7.3%
Please contact us for more information on other units we have available.
Portfolio of 11 Units Total Asking Price: £550,000 Total NET Income: £40,874.56 Total NET Yield: 7.4%
NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa LTD does not accept any responsibility in respect of this information provided.