Available  

Flat for sale

Leighton Street Preston, PR1 8RH

PR1 8RH, Leighton Street, Preston, PR1, Preston

Sale Price: £41,640

Listed 15 days ago and may not be available Listed on 6/25/2015

 290 Elgin Avenue, London
*When you call don't forget to mention Houser.co.uk

Leighton Street Preston, PR1 8RH

Property Summary:

Flat
-- Bed(s)
-- Bath(s)
interested in this property.
 

Property description

Leighton Hall, Preston, 7% Net Rental Returns Assured for 5 Years

Leighton Hall stands on the University of Central Lancashire Campus, accommodating students in a mixture of en-suites and studios. Leighton Hall has been operational for 10 years and was voted \"Most loved facility\" by UCLan's 33,000 students and plans for a fresh summer 2016 refurbishment. The facility is managed by one of the premier operators of student accommodation in the UK with a proven track record and represents a great investment opportunity.

Investment Opportunity

  • En-suite rooms for £41,640
  • Studios for £74,000
  • 7% NET rental return
  • 5 year rental assurance Operational purpose built student accommodation
  • 99.3% occupancy over 10-years
  • Fully tenanted for 2015/16
  • On the University of Central Lancashire Campus
  • Fully managed by specialist national operator
  • 140-year lease
  • Refurbishment planned for summer 2016 included in price
  • Income paid quarterly in arrears
  • £4,000 to reserve

Property Specifications

  • Purpose built student accommodation (PBSA)
  • Operational for 10-years
  • Voted \"Most loved facility\" by UCLan's 33,000 students
  • Located south of the University of Central Lancashire's City Campus
  • En-suite rooms 12m²
  • Studio apartments 26m²
  • Communal kitchen/lounge for each cluster flat of 5-6 rooms
  • Mixture of studios and en-suites rooms
  • Refurbishment planned for summer 2016 & included within the purchase price
  • High speed Wi-Fi connection

Property Features :

  • Prime Student Investment
  • 7% Net Returns Assured for 5 Years
  • Mixture of En Suite & Studio Rooms Starting at £41,640
  • Operational for the Last 10 Years
  • 99.3% Occupancy Since Launch