Student accommodation should be considered by any investor looking for a high yielding and totally hands-off investment. The underlying fundamentals are positive, with supply restricted and strong demand underpinning rental growth.
Each unit shall be sold on a long leasehold basis for a period of 250 years for the price of £48,000 per unit. The refurbishment is scheduled to complete and ready for use in time for the spring term of the 2012 academic year and rental income is payable in monthly instalments starting from 1st March 2012.
Investors will benefit from gross rental income of £6,375 per unit – FIRST YEAR RENTAL ASSURANCE PROVIDED. Expenses have been estimated at £1560 per unit per annum and include running costs of the building, management fee, and an amount set aside for a sinking fund for future repairs to the building and fixtures.
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