Previously the famous Pack Horse hotel, the development is now the premier student accommodation in Bolton.
Students are particularly fond of Nelson Square thanks to the outstanding quality of the apartments and its location only 10 minutes away from the local university and in the heart of the town. Unlike the nearby cities of Manchester and Liverpool, Bolton has a real lack of student accommodation, meaning that apartments like this are always in high demand.
The development features large communal area acts as the social hub of the development, with pinball machines, pool tables and a projector for films. In the pod there is free Wi-Fi and a wall mounted LCD TV. Also worth noting are the laundry room, gym, communal kitchen and reading room, giving residents lots of space and different areas to help keep their university lives stress-free.
The apartments are let and managed by primo on behalf of the investor, making this an easy hand-off buy-to-let investment.
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
Gross rent: £3,740
Ground rent: £150
Service charge: £1,300
Lettings fees: £359
Net income: £1,931
Gross yield: 11.69%
Net yield: 6.03%
*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-12999
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