Excellent investment Opportunity, Large studio student apartment tenanted - can be easily managed by the investor!
An excellent opportunity to invest in Liverpool's ultimate student accommodation development, X1 Arndale House, designed to provide high end and stylish student accommodation
The development offers double en-suite rooms and studios, furnished to the highest standards offering students luxury accommodation.
The building also benefits from a wide range of communal facilities such as kitchens, a fully kitted out gymnasium, bike storage and communal lounges with sky television are available to residents. All rooms are furnished with double beds, en-suite bathroom, LCD TV, work station (including free WiFi throughout) and storage space.
This makes for the perfect investment as There is a real shortage of student accommodation in a city that boasts many higher education offerings. This has led to a situation where there are excellent yields for investors in student accommodation.
The location is perfect for students as the development is just a five minute walk to Liverpool Lime Street station and within quick reach of all the main university campuses.
Double Ensuite Pod Guide Price of £48,000 Approximate yield: 7.1% net Tenanted for 2019/20 and ongoing after that through the management company. 48 week let @ £131 per week.
Financial Breakdown if managed by a management company. Gross rent: £6,288 Ground rent: £250 Service charge: £2,082 Management fees: £603 Net income: £3,352 Gross yield: 13.25% Net yield: 7%
Financial Breakdown if managed by the investor. Gross rent: £6,288 Ground rent: £250 Service charge: £2,082 Management fees: £0 Net income: £3,956 Gross yield: 13.25% Net yield: 8.3%
*Want to sell the flat, as I no longer plan to return to the UK and can't manage the flat remotely. This flat is ideally managed by an investor who lives in the UK or Europe. Pls email me for any questions you may have.
Property Ref: 5481 For viewing arrangement, please use 99home online viewing system.
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General: While we endeavor to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact 99ome and we will be pleased to check the position for you, especially if you are contemplating traveling some distance to view the property.
Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering any household goods, carpets or any built-in furniture.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers or tenant to commission their own survey or service reports before finalizing their offer to purchase.
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Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
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The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.