Property description
SITE SOLD OUT- CALL ADDRESS PROPERTIES FOR INFORMATION ON NEW, EXCITING INVESTMENT OPPORTUNITIES!Another fantastic investment opportunity from Pinnacle MC Global! With guaranteed returns of 7.75% minimum! Plato House is an Off Plan Investment Opportunity of 86 Studio Apartments in Liverpool City Centre- within a 10 minute walk* of Liverpool's 3 major universities and the training hospital, close to major transport links, shopping areas and much more!- Great Location! The rooms are furnished to a very high specification! Briefly comprising entrance area with wardrobe, opening onto... Study Area with desk, chair and shelving. Bedroom area- comprising a queen size bed* and shelving. Kitchen/ Dining Area- Kitchen comprises a range of white, high gloss wall, base and drawer units incorporating work-surfaces with a stainless steel sink and drainer. Cooker with hob. Breakfast bar with stools. The En-Suite includes shower cubicle, vanity sinkunit and toilet.Shared facilities include: ⢠Reception area ⢠Manager's office and security ⢠Access to the lower ground common room and laundry ⢠Lift to all floors ⢠Toilets ⢠Cycle storage ⢠Bin storeStudent accommodation has proved to be an extremely lucrative investment. The student sector has been ranked by The Times as the top asset class in the UK's property market.Call NOW for more information!
Plato House
Plato House is a purpose built development comprising of 86 units over six floors. It offers a variety of spacious fully furnished studio rooms
Studio Example
Each Unit will be equipped with:⢠Small double bed (4ft wide)⢠Fitted wardrobes⢠Workstation with study chair⢠Shelving and drawers⢠En-suite bathroom with shower cubicle, vanity sinkunit and toilet⢠Carpet, blinds and light fittings⢠Internet with hi speed Wi-Fi or Ethernet connection
Shared Facilities
⢠Reception area ⢠Manager's office and security ⢠Access to the lower ground common room and laundry ⢠Lift to all floors ⢠Toilets ⢠Cycle storage ⢠Bin store
Other Information
Assured net rent each year for the first 5 years Annual Minimum Net return of £6100 (no additional or hidden costs)The rental income will be payable quarterly in arrears by bankers order direct to the buyer's account. Payment of the rent and the other obligations under the sub-lease will be guaranteed by the Developer. Leasehold: 999yearsExchanges Commence: Oct 2014Completion Est: Sept 2015Ground Rent: £500 (subject to review every 5 years)
Payment Options
Reservation Fee= £3000Option A: 50% (less the reservation fee) upon exchange, stage payment of 30%, 20% upon completion This option includes a 4% Coupon on deposited monies from exchange to Practical Completion. This will be balanced and deducted on your completion statement. The stage payment will be due 2 months after exchange. Option B: 80% (less the reservation fee) upon exchange, 20% upon completion. This option includes a 5% Coupon on deposited monies from exchange to Practical Completion. This will be balanced and deducted on your completion statement.
Investment Summary
Purchase Price: £78,710Yield: 7.75%Annual Minimum Net return of £6100 (no additional or hidden costs)Quarterly Income: £1525
Armchair Investment
The Development will be managed by Harper Brooks, a company which specialises in managing rental accommodation. Harper Brooks will be responsible for:-⢠Providing a full tenant sourcing service, including marketing of the unit, conducting viewings and completing all relevant paperwork, referencing and obtaining reservation deposits.⢠General day-to-day lettings management including collection of rents, checking students in and out of the unit ensuring a full inventory has been completed to protect the landlord (buyer). Harper Brooks are the central point of contact for the students.⢠Maintenance and cleaning of communal areas; receptions, hallways, kitchens, study areas.⢠Maintenance and cleaning of external areas and the appearance of the building.The cost of provision of these services (including a management charge) will be recouped by the Developer from the buyers through a service charge. The service charge will include a contribution to a sinking fund to cover maintenance and repairs. During the first 5 years the service charge will be re-charged to the sub-tenant, Student Luxury Living Limited
Property Features :
- SITE SOLD OUT- CALL ADDRESS PROPERTIES FOR INFORMATION ON NEW, EXCITING INVESTMENT OPPORTUNITIES!
- GUARANTEED RETURN- 7.75% net yield
- 86 Studios Over 6 Floors
- High Quality Studio Apartments
- Within A 10 Minute Walk To All Three Main Universities