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Studio flat for sale

The Pavement, Popes Lane, London, W5

Under Offer £248,505

Property Description

Full description

Tenure: Leasehold

KEY FEATURES

Off-plan new build with 77-units
Purpose built student accommodation
Self-contained studio apartments
Luxury high end development with a suite of concierge services offered to students
Completion scheduled for Q4 2017
Leasehold tenure
200-year lease

LOCATION

University of West London - 0.53 miles
South Ealing Underground Station - 0.32 miles
Acton Town Underground Station - 0.90 miles
Ealing Broadway Railway & Crossrail Station - 1.04 miles

INVESTMENT OVERVIEW

5% rental return
5 year rental assurance
Income paid quarterly in arrears
10% deposit on exchange of contracts

PAYMENT PROCESS

3000 Reservation Fee
10% On Exchange (less reservation fee)
90% On Completion.

Demand for Purpose Built Student Accommodation in London

London has a student population of more than 365,000

4% of London's population is students

London is ranked in the top tier of Savills' Development League Table marking the capital as one of the top cities in the UK for the potential development of student accommodation

Students in London elect to pay rental rates up to 56% higher than comparable hmo's for Purpose Built Student Accommodation

London is home to 40 universities, one of the highest concentrations of Higher Education Institutions in the World

There are only 70,000 purpose built beds in London

London has a severe under supply of student accommodation

International students, who are the target market for The Cube W5, are worth more than 2.3 billion to London's economy.


Listing History

Added on Rightmove:
25 August 2016

Map & Street View

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