Studio Flat For Sale £45,000
Nelson Square, Bolton BL1

Earn instant income on this already tenanted student investment opportunity - cash buyers only! Just 10 minutes’ walk to The University of Bolton! Excellent investment opportunity in hugely popular student development

This stunning studio apartment is fully furnished and includes a double bed, fitted kitchen and en-suite with shower. It’s easy to see why The Pack Horse has proven popular with Bolton’s influx of students, offering a fantastic range of on-site facilities including a fully-equipped gym and a modern common room with pool tables, pinball machines, video games and even a large projector screen for movie nights, making it incredibly easy for residents to relax, unwind and socialise. Residents also benefit from secure bicycle storage, CCTV in the communal areas, a concierge reception service and laundry facilities.

The Pack Horse is a beautiful period building that was once the prestigious Pack Horse Hotel, which was transformed in 2012 to create the ultimate boutique student living experience. Located on Bradshawgate, only a 10 minute walk away from the University of Bolton, The Pack Horse has everything that Bolton has to offer on its doorstep! Bradshawgate is home to most of Bolton's bars and restaurants, alongside the recently renovated Market Place shopping centre and the newly opened Vaults which contains numerous restaurants and high street shops. It's no surprise that The Pack Horse is one of the most sought after developments in Bolton!

The University of Bolton has around 14,000 students, with over 8,000 living and travelling from areas outside the North West region. Unlike the close neighbours of Liverpool and Manchester, virtually no Purpose-Built Student Accommodation exists in the immediate area, with a housing problem lagging some way behind the ambitious ongoing development plans of the University of Bolton. Now is the perfect time to invest in Bolton's student accommodation!

Financial Breakdown

Gross rent: £6,975
Ground rent: £125
Service charge: £1,357
Lettings fees: £837
Net income: £4,656
Gross yield: 15.5%
Net yield: 10.35%

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-16051