#47 offers a fantastic investment opportunity with a successful developer. Take advantage of a market which is structurally undersupplied, where demand is high and rents are rising. This is one of the safest, affordable investment opportunities available, in an excellent location and belonging to an asset class that has out-performed all others for at least 5 years.
Spread over a brand new 7 storey building, each studio will be completely self-contained, with private kitchens, bathrooms, and will be fully furnished/finished to an extremely high standard. They even each have their own roof terrance! "#47" will offer residents superior communal facilities, including a ground floor reception, laundry room, roof terraces, cycle parking, a fitness room, a communal lounge/games room and a garden/recreation area! The development will also feature high quality finishes and energy efficient technology, ensuring the ultimate experience in contemporary living for discerning residents and long-term sustainability.
Set for completion in Q4 2018, investors here can benefit from a developer with an impeccable track record and healthy returns assured for a period of 5 years at 7% Net. The only fee to pay is ground rent which is £500 per annum.
Service charges and management fees are covered for within the first five years and will be circa £1250 per annum thereafter.
There is a distinct shortfall of beds for students in Leicester and so one can only feel that a new project of this calibre will satisfy the ever-increasing market demand amongst students in Leicester.
Investment Highlights: • Prices from £59,900 • 36 Studio apartments • 7% income assured for 5 years • 3% Interest on all deposited funds • 250 years leasehold
• £5000 reservation fee • 40% deposit on exchange • 30% Instalment in June 2018 • 30% balance on completion
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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.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.
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.