**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, which means that you will start earning as soon as you
invest.
The Bank is a perfect addition to Bolton's student property market, offering
premium studio apartments for Bolton's under - supplied student accommodation
market. The popular university town is creeping up the ranks as a lucrative
student accommodation investment hotspot, thanks to the more than 14, 000
people who call Bolton home.
Bolton is a major player within the economy of Greater Manchester, which 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 super
connected digital city. It represents the sixth part of the master plan that
will ultimately completely transform Bolton by 2030.
**Financial Breakdown**
Gross rent: £5, 520
Ground rent: £350
Service charge: £1, 957
Lettings fees: £729
Net income: £2, 484
Gross yield: 19. 89%
Net yield: 8. 95%
**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 - 07626

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