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 15 UNITS within the popular and FULLY OCCUPIED student development in the centre of Bolton, The Pack Horse. 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.
The Pack Horse is situated in the heart of Bolton town centre on Nelson Square, within close proximity of Bolton University, 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 The Pack Horse, the communal areas comprise; an entrance hall with security intercom access, residents gym, equipped games room, lounge and outdoor patio area.
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 their own ensuite shower room/WC.
The flats vary in size and spec with some of the larger units including a fitted kitchenette with integrated microwave and electric hob.
There are 5 types of rooms within The Pack Horse; Ensuite Bedroom, Classic Studio, Superior Studio, Premium Studio & Deluxe Studio. The units we have for sale are between £27,500 - £37,500.
The example we have here is a Classic Studio at £30,000.
Current Financial Performance for the 2023/24 Academic Year Rental Income: £4,830 per annum (based on a 46 week contract at £105pw) Service Charge: £2,011 per annum Ground Rent: £125 per annum Lettings Fee 9% + VAT: £521.64 per annum
NET Income: £2,172.36 per annum NET Yield: 7.2%
Please contact us for more information on other units we have available.
Portfolio of 15 Units Total Asking Price: £450,000 Total NET Income: £32,678.18 Total NET Yield: 7.3%
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.