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Flat Share for sale

Cheapside, Liverpool, L2

Sold STC £48,500

Property Description

Key features

  • 5% Interest paid on deposit
  • All rooms are fully furnished
  • assured first five years
  • En suite bedrooms
  • Full legal title on a 250 year lease
  • Income from start September 2014
  • Minimum 8.0% NET rental
  • priced from 48950
  • Purchase price inclusive of furniture
  • Rental income is paid quarterly

Full description

Student property investment in Liverpool has become available. A city centre grade II listed building that is being fully refurbished into desirable student accommodation. Liverpool's Universities and Colleges are internationally recognised and famous worldwide, drawing in students from both the UK and abroad. With over 70,000 students living and studying in Liverpool, there is a massive shortfall of quality student accommodation in the City. There are only 9,171 student rooms available, meaning that there is only enough accommodation in the city for just 13% of students; this gap needs to be filled and investors are well placed to meet this shortfall.

Student Property Investment Liverpool

En suite bedrooms are priced from £48,950

Income to commence from start of the academic year in September 2014

Minimum 8.0% NET rental assured first five years

5% Interest paid on deposit monies during refurbishment

Full legal title on a 250 year lease

Purchase price inclusive of furniture and fixings

Rental income is paid quarterly in arrears

All rooms are fully furnished, run and managed by a specialist student letting management company.

Location

The student property investment in Liverpool is located in the highly desirable student city of Liverpool, where student accommodation is seeing record demand. The 70,000 student population represents 12% of the city's total population, who now look for high quality accommodation with excellent facilities and a central location.

Liverpool prides itself as being an innovative and exciting place for investment and business, and is at the heart of the thriving North West economy, generating £106 billion, bigger than many EU countries, including Denmark and Finland.

Liverpool is one of the best connected cities in the UK, with two thirds of the UK living within a two hour drive away.

Ideally located for the student's convenience, within:

The University of Liverpool

The original 'red brick' university, it has 30,000 students from more than 100 countries

The University has partnered with China to create the Xi'an Jiaotong-Liverpool University

In the top 1% of Universities worldwide

Liverpool John Moore's University

Over 25,000 students

10% of students are from overseas

Liverpool Hope University

The university has two campuses in Liverpool, where 7,400 students are taught

Obtained full university status in 2005

Purchase Process:

Day 1 - £2,000 reservation deposit to reserve

Day 21 - Exchange of contracts

Q3 2014 - Completion of property purchase

The payment plans pays 5% interest on monies invested during refurbishment:

50% less reservation fee on exchange, balance on completion September 2014


Listing History

Added on Rightmove:
27 September 2016

Map & Street View

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