The Studios (phase 3) will comprise 221 double-bedroom studios, plus an on-site gymnasium and communal area for the private use of residents. In close proximity to both the city centre and Liverpool’s renowned universities, the residence is in the perfect location for both students and young professionals working in the city.
Est. weekly rent: £140
Est. annual rent: £6,720
Est. maintenance fee: £1,350
Est. management fee: £538
Est. ground rent: £250
Est. NET income: £4,582
Est. NET yield: 7.1%
What you need to know-
AM I BUYING AS FREEHOLD OR LEASEHOLD?
999 years leasehold
WHAT IS THE ADDRESS OF THE SITE?
The Studios, Liverpool L8 5RS
ARE THERE TENANTS ALREADY IN PLACE?
No. This is a new-build development which will be furnished to the highest of standards and will be ready to accept residents in Sept 2015
WHAT ARE THE PROJECTED ANNUAL RETURNS ON THIS PROJECT?
There is a rental assurance in place for the first five years of 7% NET
CAN I RECEIVE FINANCE ON THIS DEVELOPMENT?
There is currently no finance offered by the developer
WHEN IS MY RENTAL INCOME PAID?
This is paid quarterly in arrears direct into your bank account from completion
i
IS THERE A MANAGEMENT COMPANY ALREADY IN PLACE?
Yes, the designated management company will be X1 Lettings, who will block manage the building
CAN I RESELL MY UNIT?
Yes, you can sell at any time after exchange of contract
ARE THERE ANY RESTRICTIONS IF I WANT TO SELL?
No, The Studios is a residential development so you are free to sell your unit on the open market as a buy-to-let apartment
For more information please contact O'Neil Property Services.