Garstang Road, Preston, PR1 - From £59,900
- BUY-TO-LET INVESTMENT OPPORTUNITY
- Student Accommodation from £59,900
- Assured net rental yields of 8% assured for 5 years (less GR 7.6%)
- Fully Managed
- 125 year lease
CANTERBURY HOUSE | STUDENT ACCOMMODATION - STUDIO
* Prime location 5 storey new build student development
* 5 min walk to UCLAN, next to pub, cinema, 10min walk to town centre
* Medium/High Specification – suited to the Preston student sector
* Roof top garden, cinema room, study room, gym, lounge/games room
* Assured net rental yields of 8% assured for 5 years (less GR 7.6%)
* Interest of 4% paid from exchange through to completion deducted from completion certificate
* Ground Rent: £275 per annum (5 years rpi)
* Service Charge: included in the management charge and net yield (approx 22%) (student ranges from 20-25%)
* Fully Managed/Hands Off investment by SFM (student facilities Management)
* 125 year lease
* CRL 10 year warranty
SPECIFICATION
* Laminate flooring
* Tiled ensuite bathroom
* microwave, hob, extractor, fridge freezer desk, chair, table and 2 seats, queen bed, wardrobe, kitchen cupboards. (TV’s tbc)
* Broadband and wifi
* Fully managed onsite management team
* Average unit price £66,000
* Average unit size 23m/247sqft
PAYMENT TERMS
* £5,000 Reservation Deposit
* 50% exchange on deposit (less the £5k res deposit)
* 25% in November 2017
* Remainder on completion less the 4% interest accrual
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