New home, Studio for sale in Nelson Square, Bolton BL1, £27,000

27,000.00

Offer Nr.:
65948303
Type of ad:
for Sale
Property type:
Studio
Bathrooms:
1
Reception rooms:
1
Contact name:
Pure
Phone(s):
0161 937 0434

* Leasehold
Tenanted and fully managed (hands - free investment) student studio for sale in
the heart of Bolton town centre. This purpose - built student accommodation
offers a net rental income return of 8. 6% per annum.
Pure Investor are delighted to offer you the opportunity to own a tenanted
studio close to the University of Bolton. The Pack Horse is a new boutique
students' residence located in a fashionable square just off Bradshawgate in
the heart of Bolton.
The beautiful period building was once known as the prestigious Pack Horse
Hotel. Now to be beautifully converted to luxurious student accommodation in
an enviable location ringed with busy bars, restaurants and office space.
Studio - Investment Breakdown
1st - floor student studio
Investment Price: £27, 000. 00
Net Yield Of 8. 6%
Ground Rent: £300. 00 per annum
Service Charge: £2, 094. 00
Lettings Fee: 10% + VAT (£643)
Tenancy Confirmed 2nd September 2023 through to the 23rd August 2024
Net return of £2, 318. 00 per annum
The Pack Horse - Location
The short walk to the University (10 minutes) means you'll never be late for
lectures.
Lettings Service
Fully let and managed by one of the leading student company providers, Primo
Property Management.
Reservation Process
1\. Complete a reservation form to secure the unit and provide certified id,
proof of address and proof of funds.
2\. Pay a £2, 000 non - refundable reservation fee
3\. Solicitors instructed
4\. Balance due on completion (less reservation fee paid)

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