Studio Flat For Sale, 113-117 Deansgate, Bolton BL1

Description

Earn instant income on this already tenanted investment opportunity! Not suitable for owner occupiers!

**please note! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

Yieldit are pleased to present this excellent studio apartment at The Bank, Bolton.

This tenanted studio apartment comes fully furnished and with a tenant already in situ offering an immediate income.

The Bank is a perfect addition to Bolton’s student property market, offering premium studio apartments for the under-supplied student accommodation market in the busy university town. Bolton is creeping up the ranks as a lucrative student accommodation investment hotspot to the more than 14,000 who call the town home.

Bolton is a major player within the economy of Greater Manchester, which in turn is at the centre of the Government’s Northern Powerhouse strategy. This aims to revitalise major towns, cities and business hubs across the north of England, to fully release their potential for growth and improvement.

As part of this master plan, Bolton Town Council has formed a development fund worth £100 million, which has attracted more than £1 billion worth of investment and development. The Council is now actively considering a range of possible joint ventures to ensure Bolton becomes what they call a “super-connected digital city.” It represents the sixth part of the master plan that will ultimately completely transform Bolton by 2030.

** Images shown are of a show apartment and may not be representative of the property for sale **

Financial Breakdown

Gross rent: £5,355
Ground rent: £175
Service charge: £1,484
Lettings fees: £643
Net income: £3,053
Gross yield: 13.39%
Net yield: 7.63%

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-16667

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Studio Flat For Sale £40,000 113-117 Deansgate, Bolton BL1

Studio Flat For Sale £40,000
113-117 Deansgate, Bolton BL1