**please note! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!
We are pleased to be offering the chance to invest in a student room situated in a 6 bedroom cluster apartment. The apartment comprises of a fully fitted kitchen/diner, 4 bathrooms and a large communal living room with TV situated in the premium X1 development Borden Court, located in the city centre of Liverpool.
X1 Borden Court offers all of the facilities students need and benefits from a 100% occupancy rate since its completion. It is a highly popular development in a sought-after area.
What makes this development a perfect student hub is its highly desirable location; it's just a short walk to the shops, bars and restaurants of the city centre, and it's also within walking distance to all three of the city’s major universities.
The University of Liverpool, Liverpool John Moores University and Liverpool Hope are all within a ten-minute walking radius from the development, meaning that such a central location is a massive selling point for its student tenants.
With Liverpool being a student hub, there is a real shortage of student accommodation in a city that boasts many higher education offerings. This has led to a lucrative situation for investors with excellent yields and easy instant returns. It is no surprise why the development is so popular with both students and investors alike!
Call now for more information as this is not an opportunity to be missed.
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
Gross rent: £4,800
Ground rent: £200
Service charge: £2,074
Lettings fees: £461
Net income: £2,065
Gross yield: 16%
Net yield: 6.88%
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-14210