Property description
Already completed and currently housing students ‘Lomax Student Halls’ was originally
designed with 120 en suite student rooms with many onsite communal facilities
On completion this year we had no idea to the extent the demand for our accommodation
The Opportunity
• Purchase A Unit £57, 950
• 250 Year Leasehold
• 2 Year Rental Assurance 9% Paid Quarterly
• Duplex Accommodation
• Fully Self Contained Units
• Fully Furnished
• Fully Fitted En-Suites
• Fully Fitted Kitchens
• Wi-Fi
• Fully Managed Investment
• Successful and Proven Developer
• Long Standing Management Company
• Exceptionally Large Accommodation
• Excellent Location
• Students Already Occupying Completed En-suites
Ease of Purchase
Each self contained suite shall be sold on a leasehold basis of 250
years and provides an opportunity for individual investors to enter
this lucrative sector at an affordable level.
• Choose Your Desired Unit
• Secure This Unit With £5000 Reservation Fee
• Complete and Sign Reservation Form
• Exchange Contracts In 28 Days With A Further £27, 950
• Balance Of £25, 000 Payable On Completion
• Rental Income £130PW For 51 Weeks
• Gross Rent £6630
• Maintenance and Management £1210
• Ground Rent £200
• Net Return £5220 Paid Quarterly
• 9% Net Return
Amenities
- Building completed and already housing students
- Priced in line with market equivalent off plan Student Studios
- Fully self contained units
- Fully Fitted Kitchens, Fully Fitted and private En suite
- Mezzanine bedrooms offering split level accommodation
- Exceptionally large accommodation enabling couples to share
- Potentially double rental income from couples
- 3000 further students moving into the area
- Exceptionally high demand creating high occupancy year on year
Image of large contemporary house front
Image of interior decor
Image of living room
Image of house front