Property description
***ATTENTION INVESTORS***GUARANTEED YIELDS!******ONLY A FEW REMAINING- out of 152!***Spectrum Apartments are designed as a purpose built student development comprising of 152 units over 7 levels. Offering 147 student en-suite bedroom, 4 studios and one premier penthouse on the top floor.The development has an excellent central location, with both universities being just a 10 minute walk away and the city centre just on its door step. All amenities, shoppingand entertainment are just moments away, perfect for students searching for the very best accommodation with the best the city has to offer.With striking design and modern architecture, Spectrum Apartments, will certainly stand out amongst its historical industrial surroundings.Call NOW for more information or to reserve your investment!
Spectrum Apartments
Luxury Student Accommodation- 152 units arranged over 7 levels- 147 En-Suite Bedrooms; 4 Studio Rooms and 1 Penthouse Apartment.All units are fully furnished!
En-Suite Bedroom Example
The student bedrooms are arranged in apartments of 3-6 units (13- 18msq).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 connectionEach sharing a deluxe communal area complete with top of the range kitchen, dining area and lounge!
Shared Facilities
Each student bedroom will have access to a shared communal area complete with kitchen, dining area and lounge. The ground floor gives access to: ⢠Reception with lobby and seating area ⢠Courtyard with landscaped gardens ⢠Gym ⢠Laundry area ⢠Cycle storage ⢠Bin store
Other Information
Assured net rent each year for the first 5 years from £4500 to £7,420 Annual Minimum Net return of £4,360 (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: May 2014Completion Est: July 2015£500 (subject to review every 5 years)
Payment Structure Options:
Option A: 50% (less the reservation fee) upon exchange, stage payment of 30%, 20% upon completion Option B: 80% (less the reservation fee) upon exchange, 20% upon completion. This option includes a £250 discount off the purchase price.
Investment Summary En-Suite Bedroom
Purchase Price: £55995Yield: 8.93%Annual Minimum Net return of £4,360 (no additional or hidden costs)Monthly Income: £417Quarterly Income: £1250
'Armchair' Investment
The Development will be managed by Urban Student Life Limited (\"USL\") a company which specialises in managing student accommodation. USL 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). USL 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.
Property Features :
- ***ATTENTION INVESTORS***
- GUARANTEED YEILDS!
- Prices from just £55,995
- Minimum Net return of £4,360 (no additional or hidden costs)
- 152 units over 7 levels