Attention investors//parents of students! Offered for sale is this fantastic student pod in the Purpose Built student accommodation X1 Arndale House with a realistic potential to achieve 7.05% yield net of all costs!
**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!
X1 Arndale House is a beautifully refurbished student development in Liverpool City Centre. The development offers double en-suite rooms and studios, furnished to the highest standards and providing students with luxury accommodation.
Apartments come with a wide range of communal facilities such as kitchens, a fully kitted out gymnasium, bike storage and communal lounges with sky television available to residents. All rooms are furnished with double beds, an en-suite bathroom, an LCD TV, a work station (including free WiFi throughout) and storage space.
Liverpool is one of the UK’s best markets for buy-to-let investors looking to take advantage of the boom in luxury student accommodation. The attraction of students in the area is great news for investors, as over 70% of students in Liverpool need to look for private accommodation making X1 Arndale House a great student investment not to be missed.
The development is perfectly placed just a five minute walk to Liverpool Lime Street station and within quick reach of all the main university campuses.
Sold with vacant possession.
Gross rent: £5,420
Ground rent: £250
Service charge: £1,818
Lettings fees: £604
Net income: £2,749
Gross yield: 13.9%
Net yield: 7.05%
*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-15172