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For Sale 1 Bedroom 1 Bathroom 1 Reception From £59,900

Great Moor Street, Bolton, BL1 - From £59,900

  • Investment Opportunity
  • Student Accomodation
  • 9% Assured Return Years Over 5 years
  • 250 Year Lease
  • Completion July 2017

The Project will consist of 140 Student properties, 119 en-suites and 21 studios and is located a mere 10 minutes' walk from the main university campus in Bolton. Close to bars, restaurants and supermarkets the development will offer investors a lucrative opportunity to generate a 60% ROI in just 5 years. Prices start from just £46,950 and rent is assured at 9% net for 5 years.


INVESTMENT OVERVIEW

* 9% Assured Return years over 5 years

* 5% interest paid on deposited monies during construction

* Assumed Capital Growth @ 2.5% pa over 5 years

* Developer buy back option at years 5 of 110% of purchase value

This exciting opportunity centres around a very prominent site in Bolton Town centre. The developer has acquired the site and has already obtained full planning permission to build a Purpose Built Student Accommodation building consisting of 119 en-suite pods and 21 Studios. Sizes will range between 12-29m2 and all properties will be finished and furnished to an excellent standard.

The Project will boast world class facilities including a gymnasium, reception area, communal kitchens, laundry rooms and landscaped gardens, everything a student needs to live in comfort. When the project is complete in time for intake in 2017 it will offer all students the very best in luxury living.

The location of the site is in and amongst a very busy area within Bolton Town Centre on a road which is a key through route connecting Bradshawgate to Moor Lane. The University campus is situated approximately 0.6 miles away from the site and can be reached in 2 minutes via car or around 10 minutes by foot making the education zone within easy reach of the proposed development. Bolton is a city on the up and in the coming few years really will rival some of the larger Northern cities as being not only one of the best cities to study in but also one of the best places to live and own a business in. After a few months of negotiating we are pleased to be in a position to offer our investors an exclusive opportunity to capitalise on the ever growing UK Student Accommodation market which currently is worth in excess of £2bn.

Bolton train station is located approx. 300m away and with the new soon to be completed Bolton Transport Interchange literally opposite the site, nationwide transport access will be even easier than it currently is. Adjacent to the Interchange and approx. 4 minutes walk away from the building there are two large supermarkets and just a couple of minute's walk from the site there's Bolton's main town centre shopping district and town centre conservation area making shopping an easy task for the students too. The pleasant area of the town centre boasts a neoclassical setting surrounded by many retail and service outlets all located around the grade 2 listed Bolton town Hall.

This project has been designed by leading architects within the student property market and the building will be completed to an excellent standard. Using only the finest materials, the developer will spare no expense in creating the perfect building. Boasting amenities such as a high spec gymnasium, a Zen inspired garden and courtyard area, a state of the art games and communal room as well as a reception area, the development will create the perfect home from home for prospective students. Security will remain paramount in the building and CCTV will be present throughout.

The rooms will be spacious and include all of the things student need to make themselves to feel at home. Both the en-suites and studios will have access to their own private bathrooms that will comprise of a toilet, sink and shower. In addition they will come fully fitted with wardrobe space as well as a desk and chair for study. All rooms will be fitted with flat screen TV's and have microwaves as well as a kettle as standard.

Communal kitchens will be fitted out to a very high standard complete with a slimline fridge, study area, ovens as well as a communal TV and ample space for students to gather and convene. All properties will feature complimentary high speed WIFI throughout.

* Bolton University 0.6m

* Bolton College 0.4m

* Construction starts 2nd quarter of 2016

* Completion july 2017

* 250 year lease

* Fully furnished

* Gym

* Courtyard area

* Reception area

* Retail units on the Ground floor

* Games Room

* Laundry Room

PAYMENT PROCESS

* 50% Deposit on Exchange

* Legal Fees Paid if you use the developers recommended lawyers

* 50% Balance on completion ...Read Less

The Stamp Duty for this property would be £0    (Show break down) (Hide break down)

Purchase price bands (£)Percentage rate (%)SDLT due (£)
Up to 125,000 0 £ 0
Above 125,000 and up to 250,000 2 £ 0
Above 250,000 and up to 925,000 5 £0
Above 925,000 and up to 1,500,000 10 £0
Above 1,500,000+ 12> £ 0
*This is for illustrative purposes only

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