0 Bedrooms Studio for sale in Asha House, 63 Woodgate, Loughborough LE11 | £ 40,000
Overview
| Price: | £ 40,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Studio |
| County: | Leicestershire |
| Town: | Loughborough |
| Postcode: | LE11 |
| Address: | Asha House, 63 Woodgate, Loughborough LE11 |
| Bathrooms: | 1 |
| Bedrooms: | 0 |
Property Description
** student investment opportunity **
Room C is situated within Asha House, a purpose built student block in the centre of Loughborough, Leicestershire. The student accommodation has been operational since it was built, 9 years ago. As a result, there is a solid and reliable track record of its performance, particularly over the last 6 years. It also has an associated Gym on the ground floor together with management offices, 24 hour laundry and bike store.
This is one of 5 rooms in apartment no. 35, each to be sold on the same basis, simultaneously. The shared accommodation within the apartment includes a fully fitted kitchen and living area.
Loughborough University is one of the country’s leading educational establishments, consistently ranking within the top universities in the UK.
This investment opportunity is ideal for any savvy investor looking for a hands-free property, leaving all management to the on-site Accommodation Team – including letting, rent collection, security, cleaning, fire alarm testing, cleaning and general day to day running of the building.
• 4th floor room
• Fully fitted bedroom with study area, ensuite shower & WC
• Rent: £4,800 for academic year 17/18
• Solid history of stable service charge
• Bad debt safety net
• Fully managed by on-site Accommodation Team (fees apply)
• Ground Rent: £nil
• 115 years lease
• Quality & Secure Accommodation
Investment Proposition
Over a 5 year period the net rental income generated is set to be £13,590, based on a 3% p.A. Rental uplift and costs. This has been proven over the previous 6 years. If the room is sold at the end of 5 years, its anticipated value should be £46,370, based on a 12% gross yield capitalisation, giving around an additional profit of £7,645.
So the combined net rental income and profit on sale is anticipated to be around £19,960, which is equivalent to a 43.7% return over the 5 years or 8.73% on an annual basis.
Investment Protection
All room and apartment owners in the block share in a void rent and bad debt management scheme, so in the unlikely event that a room is not let within the building or there are unpaid rental arrears, then all owners share the shortfall.
Further Information
To request further details please reply to the sole selling agent, Walton and Allen, and you will be sent a link to the Investment website. Here you will find an analysis of the student investment market, Loughborough, its University and Asha House itself.
In addition, there is a breakdown of the financials over a prudent investment period of 5 years. Buyers are not obligated to sell at this time and can enjoy a secure rental income for as long as is desired. For further information please visit
Viewing
To arrange a viewing on this property please contact the Walton and Allen Sales Team on Nottingham
Property To Sell?
If you are selling a property, or even considering selling, now or in the near future Walton & Allen estate agents would be delighted to visit your property to offer a free property valuation. We are a family run fully independent estate agent with branches in Nottingham, Arnold and Hucknall. Call us today!
Property Location
Property Marketed by Walton & Allen Lettings Ltd
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