Studio for sale in BL1, 0 Bedroom

We are pleased to present this chance to invest in the famous ex Pack Horse Hotel in Bolton. It was transformed in 2012 into luxury student accommodation. Located only ten minutes away from the university The Pack Horse is perfectly placed and is a popular choice among students.

This unit offered is a spacious premium studio apartment with fully fitted kitchen, en suite, work space and double bed.

The beautiful period building on Nelson Square offers students all sorts of amenities. Inside there is CCTV in all communal areas and the electronic key fobs mean only resident students can enter and leave the property. In addition, secure bike storage encourages students to get around town in a healthy and environmentally friendly way.

The large communal area, the hotel’s old ballroom, acts as the social hub of the property, with pinball machines, pool tables and a projector for movies. In the studios the luxury doesn’t end, with free Wi-Fi and wall mounted LCD TVs as well as onsite laundry facilities, a private residents gym and study room all situated within the development.

The development is managed by Primo Property Management, who are anuk accredited management service. The company has a national presence, managing both student and residential accommodation in Bolton, Glasgow, Leeds, Manchester (Fallowfield), Nottingham, Sheffield and Plymouth. The floods of recommendations they receive every year are proof that their properties are both impressive on paper, and in reality.

The student population in Bolton is very strong and growing, making no surprise why developments like The Pack Horse are in such high demand.

Financial Breakdown

Gross rent: £4,180
Ground rent: £150
Service charge: £1,300
Lettings fees: £401
Net income: £2,329
Gross yield: 9.29%
Net yield: 5.17%

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-5913