Studio for sale in BL1, 0 Bedroom

Tt due to move in 1st Sept 2018 for 44 weekss

Gross Rent £3,740
Annual Ground Rent £150
Approx Annual Service Charge £1,225
Management £359

Net Income £2,006
Net Yield 6.44%

A central common room is the centre of Nelson square and offers students a place to relax together. The room is furnished with a pool table, table tennis and large projector to watch films on. As well as these other added extras include free fast Wi-Fi, free access to a resident’s gymnasium, concierge service, fob access and a study room.

This is the perfect investment for those looking for a hands-off purchase, with payments made directly to your bank account from the management company.

Bolton is a hugely popular and ever-growing student city and developments like Nelson square are a rarity, making them popular with discerning students looking to add a touch of luxury to their university experience.

Financial Breakdown

Gross rent: £3,740
Ground rent: £150
Service charge: £1,300
Lettings fees: £359
Net income: £1,931
Gross yield: 12.47%
Net yield: 6.44%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-8304