For a better experience please change your browser to CHROME, FIREFOX, OPERA or Internet Explorer.
Property & Commercial House For Sale

*** IN EXCESS OF 15% RETURNS PA LANCASTER CITY CENTRE STUDENT ACCOMMODATION HIGH SPEC HMO ***


  • *** IN EXCESS OF 15% RETURNS PA LANCASTER CITY CENTRE STUDENT ACCOMMODATION HIGH SPEC HMO ***
  • *** IN EXCESS OF 15% RETURNS PA LANCASTER CITY CENTRE STUDENT ACCOMMODATION HIGH SPEC HMO ***
  • *** IN EXCESS OF 15% RETURNS PA LANCASTER CITY CENTRE STUDENT ACCOMMODATION HIGH SPEC HMO ***
  • *** IN EXCESS OF 15% RETURNS PA LANCASTER CITY CENTRE STUDENT ACCOMMODATION HIGH SPEC HMO ***
  • *** IN EXCESS OF 15% RETURNS PA LANCASTER CITY CENTRE STUDENT ACCOMMODATION HIGH SPEC HMO ***
Description
Price : £175,000
Type : Sell
Date : March 16, 2020
Condition : Used
Location : Mitcham

Property type House

Number of bedrooms 4

PROJECT OVERVIEW – 4 BED & 3 BATHROOMS INCLUDING ENSUITES

Located close to the city centre and the university provided student transport links.

Lancaster has two universities, the University of Cumbria and the famous Lancaster City University, consistently in the Times top ten, places in this University are much sought after throughout the world. The facilities are constantly being updated and are second to none. There is a total student body within the city of around 20,000.

For professional lets there is a good market based around the Lancaster Royal Hospital, the universities teaching staff and the atomic power station at Heysham plus the new Eden project.

Our model gives our investors as much or as little involvement in the project as they require, this can be a fully arms- length project. We deliver to our clients a purpose built conversion which provides brand new 4 bedroom student/professional accommodation designed specifically to meet the needs of this market. The changing nature of todays renter demands, more luxury and privacy. We include within our properties the maximum number of en suite bathrooms that space will allow.

HMO HAVE SUCCESSFULLY SOURCED, DESIGNED AND BUILT 110 PROPERTIES OVER THE LAST 2 YEARS!!!

OUR UNIQUE MARKETING MODEL HAS TENANTED OVER 400 ROOMS WITHIN THE SAME PERIOD!!

Using our system, the investor takes the equity increase as well as the rental.

 All units are delivered to the investor, built to the specific council and university specifications.

 Room sizes all well in excess of minimum requirements.

 Supplied with a minimum 2 En Suite bathrooms plus a communal.

 Completed with new modern kitchen and common areas

 Fully certified and regulated for fire and safety.

 Floor coverings and furniture designed for the modern HMO market

 Full hardwired internet and Wi-Fi connections provided, centrally and in each bedroom

*** FINANCIAL BREAKDOWN – 4 BEDROOM – 3 BATHROOM HMO ***

Minimum total cash required £60,000 (subject to status and security)

Rental Income net of water, gas, electricity: £19,760 per annum

INITIAL NET RETURN ON INVESTMENT: 15.12% per annum

ULTIMATE NET RETURN ON INVESTMENT AFTER REFINANCE: 21.80%

For further information contact Yvette on 0161 230 3367

 

Mention https://ukbuyandsell.com/ when calling seller to get a good deal

 


Post your rating

Similiar Ads
Top