Other in the city center in United Kingdom, England, London, 18 sq.m. For Sale

London, England, United Kingdom
78 900 €
4 380 € / sq.m.
Other in the city center in United Kingdom, England, London, 18 sq.m.
Other in the city center in United Kingdom, England, London, 18 sq.m.
Other in the city center in United Kingdom, England, London, 18 sq.m.
Other in the city center in United Kingdom, England, London, 18 sq.m.
Other in the city center in United Kingdom, England, London, 18 sq.m.
Other in the city center in United Kingdom, England, London, 18 sq.m.
Other in the city center in United Kingdom, England, London, 18 sq.m.
Other in the city center in United Kingdom, England, London, 18 sq.m.
  • Area: 18 sq.m.

Description

New project Sky Building combines student apartments with a unique set of amenities, providing an attractive and vibrant lifestyle. The project is ideally located to meet the growing demand in the housing market for the 3 universities c 30170 total number of students:

· 2 miles from Staffordshire University with number of students 19190;

· 2 miles from Keele University with a number of students 9980;

· 1 mile from Royal University hospital, in which more than 6,000 personnel, including medical students doing internship.

In combination with rising real estate prices and lack of student housing in the area, the project represents a very attractive investment opportunity.

Key factors:

· A unique opportunity for both beginners and experienced investors with a minimum entry threshold from of 52,000 GBP.

· 250 years leasehold.

· Fully equipped and furnished studios with fully equipped bathrooms and kitchen areas.

· Excellent social facilities: reception, cinema room, study rooms, gym.

· Fully managed investment from beginning to end.

· Successful and reliable Builder.

· Successful and experienced management company.

· Great location: 3 universities within walking distance.

· Growing demand for student accommodation in the area.

· Guaranteed rental income of 8% for 10 years.

· 2. 5% of income on deposited funds until the end of construction when purchased before the end of 2016.

· Construction will be completed in September 2017.

The project offers apartments with high quality finishing and equipment:

Specification studios:

· Built-in kitchen

· Stainless steel sink

· Refrigerator with morozilnik office

· Stove and microwave

· Bathroom

· Bedside table

· Wardrobe

· Study Desk, chair, armchair

· Dining table and 2 chairs

· 32 inch TV attached to the wall

· Curtain

· Double bed and mattress

· Tableware and linens

Payment plan

· A Deposit of 5000 GBP;

· 50% of the cost ( minus Deposit) upon exchange of contracts within 28 days;

· 25% of the cost after 9 months;

· 25% upon commissioning, September 2017.

The yield calculation on the example of the purchase of the Studio at the price of GBP 59 950

· Rental income of GBP 150 x 48 weeks

· Land rent 250 GBP

· The costs of managing and maintaining 2154 GBP

· Annual net income 4796 GBP

· Yield 8%

The cost ol buying:

· Notary services 774 GBP

· Registration 40 GBP

· Bank transfer GBP 42

· Documentation 120 GBP

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Details

  • Location types: in the city center

Features

  • Studio

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