Studio for sale

This loft style development, previously a fireproof depository, is currently under full renovation with a show apartment already complete and completion scheduled for May 2017. The development will fuse brand new loft style apartments with a central location, all within one of the most iconic buildings in the area. The quality of the location and the beautiful design of the apartments has meant that tenant demand has really taken off for these apartments which has enabled the developer to offer a 5 year rental assurance at 7% net per annum.

The Specification:
• 32” Freeview TV • Queen size bed with mattress • Integrated oven and fridge / freezer • Instant hot water, gas powered • Dining table and chairs • Sofa • Passenger Lift • High speed Wi-Fi internet • Desk / workstation • CCTV on entrances and communal areas • V groove wood floor throughout • Double glazing • Communal lighting on PIR sensors • Bathrooms on PIR sensors • High ceilings • Wardrobes • External recreational areas • Bike stores • Energy saving LED light fittings utilized throughout

INVESTMENT HIGHLIGHTS:
31 x 1 & 2 Bed Apartments
8 Apartments sold on launch
7% Net Yield Assured for 5 years!
Prices from £;84,999
Beautiful designs by respected architect 
Originally constructed in 1900
Completely Hands Off Investment
Management and Maintenance in Place
Competitive Finance Packages Available (Subject To Status & Terms)

INVESTMENT STRUCTURE:
10% on Exchange
90% Balance on completion (May 2017)

THE FINANCIALS:
£;84,999 - Purchase Price
£;6,600 - Gross Rental PA
£;1,284 - Service Charge + Management Per Annum (Ground Rent £;250 & Service Charge £;540)
£;5,916 - Net Rental PA