Portfolio of 15 Units, The Pack Horse, Nelson Square, Bolton, BL1
- PROPERTY TYPE
Flat
- BEDROOMS
15
- BATHROOMS
15
- SIZE
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Key features
- Portfolio of 15 Units - Available Individually or Bulk Purchase
- Over 7% NET Yield
- Total NET Income £32,678.18pa
- Fully Tenanted & Generating Immediate Income
- Modern Student Living
- Fully Managed by a Local Professional Student Agent
- Located In Bolton Town Centre BL1
- Walking Distance to Bolton University
- On Site Gymnasium, Games Room & Residents Lounge
- Ideal To Rapidly Expand A Property Portfolio
Description
TOTAL NET INCOME £32,678.18pa
FULLY TENANTED & GENERATING IMMEDIATE INCOME
Mr Investa are pleased to bring to the market a HIGH YIELDING portfolio of 15 UNITS within the popular and FULLY OCCUPIED student development in the centre of Bolton, The Pack Horse. These low entry level priced units are AVAILABLE FOR SALE INDIVIDUALLY OR AS A BULK PURCHASE making this ideal to suit all budgets to quickly expand your property portfolio.
The Pack Horse is situated in the heart of Bolton town centre on Nelson Square, within close proximity of Bolton University, shops, bars, restaurants and cafes. The development is also convenient for public transport including regular bus and train services.
These student properties offer an ideal opportunity for buy-to let investors looking for a fully managed hands off investment at an attractive price and offering a lucrative yield.
As well as the various flats within The Pack Horse, the communal areas comprise; an entrance hall with security intercom access, residents gym, equipped games room, lounge and outdoor patio area.
Each flat comprises; private entrance, lounge with double bed, study desk with chair, uPVC double glazed window, electric heater, wall mounted TV and access to their own ensuite shower room/WC.
The flats vary in size and spec with some of the larger units including a fitted kitchenette with integrated microwave and electric hob.
Current Financial Performance for the 2023/24 Academic Year
Rental Income: £72,554 per annum
Service Charge: £30,165 per annum
Ground Rent: £1875 per annum
Lettings Fee 9% + VAT: £7835.83 per annum
NET Income: £32,678.18 per annum
NET Yield: 7.3%
NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa LTD does not accept any responsibility in respect of this information provided.
Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
£1875 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
£30165
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
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Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
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Portfolio of 15 Units, The Pack Horse, Nelson Square, Bolton, BL1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bolton Station0.3 miles
- Hall i' th' Wood Station1.4 miles
- Moses Gate Station1.8 miles
About the agent
Mr Investa Ltd, Salford
Mr Investa, Blue Tower, MediaCityUK, M50 2ST
We offer a unique and bespoke service for Landlord to Landlord Sales.
Here at Mr Investa we understand that not ever investor is the same, not every seller or buyer have the same requirements.
Using the latest technology in the property market to give our clients a full insight to the properties and areas we offer from the comfort of their home or on the go. We do this by providing a virtual tours, floor-plans and financial performance for each property.
Our aim is to take t
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