Studio Flat For Sale £30,000
The Pack Horse, Nelson Square, Bolton BL1 1DP

Full description

G1-20 Nelson Square Resale:

Attention Investors! Diversify your portfolio with Purpose Built Student Accommodation in the heart of Bolton. Low entry price and strong returns

The Pack Horse is a beautiful renovation of the former Pack Horse Hotel in Bolton and provides boutique student living in the heart of Bolton town centre.

The developments boats a host of extra amenities for residents including FOB access, a movie projector, reading room, modern gymnasium, laundry facilities and a free Wi-Fi as well as wall mounted LCD televisions.

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.

Experienced block management agents PRIMO has a national presence, managing both student and residential accommodation in Bolton, Glasgow, Leeds, Manchester (Fallowfield), Nottingham, Sheffield and Plymouth and come highly regarded by investors and tenants alike.

This is a unique opportunity to invest in a stunning period conversion with excellent returns and management in place meaning you know your purchase is in safe hands.

Financial Breakdown

Gross rent: £3,520
Ground rent: £150
Service charge: £1,300
Lettings fees: £338
Net income: £1,732
Gross yield: 11.73%
Net yield: 5.77%

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-9792