Studio Flat For Sale £55,000
Libertas, 48 S James Street, Baltic Triangle, Liverpool L1
previous price £50,000

Presenting a purpose built bespoke mixed student/residential development in Liverpool city centre, offering studio accommodation to students, post graduates and young professionals from all universities and colleges throughout the city and beyond. Located in Baltic Triangle which has been dubbed the "creative quarter" the area offers an exciting range of bars and cafes as well as being just a short walk from the universities, the docklands and Liverpool one shopping centre.

Each studio comes fully furnished with fresh modern furniture, including an Ottoman storage bed, wardrobe, chest of drawers, desk and bedside table. The high gloss fitted kitchen comes complete with single oven, hob and extractor and a fridge. En-suites are fitted with modern chrome shower cubicles and mixer shower. The studios also boast wall mounted LCD flat screen televisions plus wired and wireless connectivity to the internet, as well as secure intercom access.

In addition to the excellently equipped apartments, the building benefits from a communal lounge and pool room, with full Sky TV package. There is also a gym, laundry, secure bike storage, 24 hour on-site help desk and maintenance team.

Liverpool is regularly named as one of the uk’s best buy-to-let hot spots due to its rapid population growth and strong demand for more high quality housing. Liverpool boasts a large regional economy, of which tourism contributes in excess of £3.64bn every year thanks to the vast array of tourist attractions and amenities on offer. The amount of students flocking to this area is also great news for investors, as over 70% of students in Liverpool need to look for private accommodation.

Financial Breakdown

Gross rent: £6,600
Ground rent: £250
Service charge: £1,463
Lettings fees: £634
Net income: £4,254
Gross yield: 13.2%
Net yield: 8.51%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
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 must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-15596