Studio Flat For Sale £31,500
The Pack Horse, Nelson Square, Bolton BL1 1DP

Full description

The famous Pack Horse Hotel in Bolton was transformed in 2012 into luxury student accommodation. Ten minutes away from the university The Pack Horse is perfectly placed.

This unit is a spacious en-suite bedroom with LCD TV, plenty of storage and work station.

This beautiful period building offers students all sorts of amenities, but it was security which was a key priority during the renovation. Inside there is CCTV in all communal areas and the electronic key fobs mean only resident students can enter and leave the property. In addition secure bike storage encourages students to get around town in a healthy and environmentally friendly way.

The large communal area, the hotel’s old ballroom, acts as the social hub of the property, with pinball machines, pool tables and a projector for movies. In the studios the luxury doesn’t end, with free Wi-Fi and wall mounted LCD TVs.

Also worth noting are the laundry room, gym, and reading room which give residents lots of space and different areas to help keep their university lives stress-free. PRIMO, the ANUK accredited management service in charge of The Pack Horse, offer edYOUcate. This free service offers CV tips and help, taking even more stress off students’ backs when it comes to life after university.

The company has a national presence, managing both student and residential accommodation in Bolton, Glasgow, Leeds, Manchester (Fallowfield), Nottingham, Sheffield and Plymouth. The floods of recommendations they receive every year are proof that their properties are both impressive on paper, and in reality.

Financial Breakdown

Gross rent: £3,520
Ground rent: £150
Service charge: £1,300
Lettings fees: £338
Net income: £1,732
Gross yield: 11.17%
Net yield: 5.5%

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-10079