1 Bedroom Flat For Sale

We are pleased to offer this resale unit on the exceptionally popular Printhouse development in Loughborough. An existing student development which is perfectly located in the centre of Loughborough, The Printhouse is just a 10 minute walk from the main university campus. Fully operational as a student hall of residence at present, the development will undergo 4 weeks of refurbishment work during the summer of 2014 designed offer the students high quality finishings throughout in time for the October intake of students. The refurbishment charges are fully included in the purchase price.

The Printhouse - Investment Highlights
Ensuite student pod (fully occupied) - £44, 000.00 plus £1, 000.00 administration fee
100 fully managed hands-free city centre en-suite student rooms and studios
Net rental guarantee of £3, 132 per annum (paid quarterly in arrears)
Developer’s assurance supported by a rental reserve fund held in escrow during this period
A Land Registry recorded 250-year lease on your investment from day 1
Developer pre-funded designer facelift programmed for summer 2014
From year 3 net rental returns projected to increase
The building perfectly located with rooms fully tenanted for 2013 – 2014
Investors free to sell their room at any time following exchange of contracts

The Printhouse - Our Summary
We visited this project recently to gain a better understanding of the project and the local area. The building itself is just 10 years old, and as such there are no requirements for structural to be undertaken upon the relaunch of the building. All required work is cosmetic, and will be focused around the interiors of the building. At present, the development is running at full occupancy, and the range of students covers all years, up to post graduates (who incidentally represent a large percentage of the student population at Loughborough due to the research facilities on offer).

The local area includes two other private halls of residence, both of which are similar in standard to the existing Printhouse development. They also run at high levels of occupancy showing a clear demand for this type of accommodation in the centre of Loughborough.

One of the key reasons why this type of accommodation is in strong demand in the local area is due to the relative shortage of hmo type properties on offer to students in Loughborough. Contrasting to other major cities, there are far fewer of these types of houses available for students in the centre of what is a relatively small town. With over 16, 000 full time students, the demand subsequently is strong for these types of private halls of residence.

The Printhouse - Purchase Process
Stage 1. Complete reservation form and pay deposit of £6, 000 (includes £1, 000.00 administration fee)
Stage 2. Solicitor instructed, legal’s and sales pack sent out
Stage 3. Balance paid on exchange and completion of contracts, within 28 days

Please contact us for further information including the full breakdown of all management and letting costs. To avoid disappointment, we can reserve these units over the phone.