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Studio apartment for sale

Norfolk Street


Property Description

Key features

  • 20% Below market value
  • Multipurpose use
  • 255 Year Leasehold
  • Net Yield: 10% (6,250 Per Annum) Assured For 3 Years
  • Delivered Fully-Furnished
  • Modern Self-Contained Studios
  • Fully Managed Opportunity
  • Sought-After Location With High Demand For Beds

Full description

CALLING ALL INVESTORS!! ANDREWS ESTATES ARE DELIGHTED TO OFFER ANOTHER INVESTMENT OPPORTUNITY!! Norfolk House is a Student Development set in the heart of Liverpool, within the Baltic Triangle. The Development offers a great assured net return of 10% - ASSURED FOR THREE YEARS!! The studios are finished to a high quality standard and include furniture, For further information or to reserve your unit contact us today!!


Why Invest In Liverpool? - A popular University City forinternational students Liverpool is one of the most established centres in the UK for higher education and is home to a number of leading institutions including The University of Liverpool, Liverpool John Moores University, Liverpool Hope University and The Liverpool Institute of Performing Arts. The combined student population currently stands at 53,000 almost 12% of the citys total population with students from over 100 countries in the world enrolled. In addition to its reputation as a centre for educational excellence, Liverpool is one of the most desirable places in the world for students to attend university. As the majority of university campuses are centrally located living near them is a huge advantage. Not only do students look for accommodation close to their everyday place of study, but want something that is easily accessible to amenities, shops, restaurants and nightlife that Liverpool has to offer. Living near all these have become a major key focus for students looking for their home away from home.

Local Universities - - Liverpool John Moores University
- University of Liverpool
- The Liverpool Institute for Performing Arts (LIPA)
- Liverpool School of Tropical Medicine
- Liverpool Hope University

Sought After Location - Baltic Triangle

Liverpools Baltic Triangle is a port area of the city which borders the Echo Arena, BT Convention Centre, Albert Dock, Liverpool One and Rope Walks. This historical area is one of the last locations in the city which offers redevelopment opportunities, with a surge of investment already entered into it. Its close proximity to the citys centre combined with excellent transport links and local amenities make the Baltic Triangle a massively sought after.The Baltic Triangle is a proven zone for students to live in and is fast becoming the new creative hub and student quarter in Liverpool.

Investment In Liverpool - Fastest Growing City Outside Of London

Liverpool has seen over £4bn of private and public investment since 2000 which has helped it to grow faster than any other city outside of London. It was the first European host of the Global Entrepreneurship Congress and recent developments such as Liverpool Waters have helped boost the popularity of the city.

Specification - - All studio suites will include a double bed, bedside tables, large wardrobe, shelves, chair, internet connection, kitchenette and en-suite.
- 24 hour CCTV security and controlled building access
- Communal courtyard
- Fully equipped state-of-the-art gym
- Roof terrace with leisure facilities
- Cinema room
- Onsite management team & manned reception
- Lounge area with LCD TVs
- Study and meeting rooms
- Visitor parkingGames room with pool table and gaming stations
- Onsite laundry

Ease Of Purchase - Financial Breakdown
- Each studio suite is sold on a leasehold basis for a period of 250 years.
- Modern Self-Contained Studios
- Delivered Fully-Furnished
- Purchase Price £62,500
- Choose your property and pay a £5,000 Reservation Fee
- The solicitors will assist the purchaser through to the Exchange of Contract (within 28 days)

*A Team Of Commercial Solicitors, Experienced In The Student Accommodation Investment Market, Have Been Appointed To Act On The Behalf Of Investors.

*50% of the purchase price is required to Exchange at Contract, less the Reservation Fee = £26,25050% is payable 6 months after Exchange of Contracts = £31,250

Investor Security - Safeguard of funds

Is the sale handled by UK lawyers?
Yes. A team of commercial solicitors, experienced in the student accommodation investment sector, have been appointed to act on the behalf of investors.
Who will manage my investment?
Norfolk House, in its entirety, will be fully-managed by Liverpool Student Let. With 15 years experience managing properties in Liverpool, the Company is fully-equipped to manage and market your investment on your behalf.
Can I sell my unit/s at any time?
Investors are permitted to sell at any time after exchange of contracts.
Is there a rental assurance in place?
Yes. The first 3 years are assured at 10% NET.
What are the projected returns p.a. After year 3?
A conservative 11% NET return after all running costs, management fee, service charge and utilities
When is my rental income paid?
Rental income is paid quarterly in arrears direct to your chosen bank account from completion.
As a non-resident in the UK am I taxed on this income?
If you are a UK resident then yes you will be subject to tax. If you are a non-resident in the UK then you are classed as an overseas landlord and may apply to HMRC in the UK for exemption.

Please note we cannot guarantee that an application to receive rent with no tax deductions will be accepted

More information from this agent

Listing History

Added on Rightmove:
04 January 2016

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