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#47 Leicester - Unit 1 - Clarence Street, Leicester, Leicestershire, LE1

Key features

  • Prices from £57,900
  • 47 studios, 1,2 and 3 bed apartments
  • 7% income assured for 5 years
  • 3% Interest on all deposited funds
  • Investor friendly payment plan
  • 250 years leasehold
  • £5000 reservation fee
  • 40% deposit on exchange
  • 30% Instalment in June 2018
  • 30% balance on completion

Description

#47 is a fantastic opportunity to invest in a quality development in a major UK city, Leicester. Take advantage of a market which is structurally undersupplied, where demand is high and rents are rising. This is one of the safest, affordable investment opportunities available, in an excellent location and belonging to an asset class that has out-performed all others for at least 5 years.

Spread over a brand new 7 storey building, each studio and flat will be completely self-contained, with private kitchens, bathrooms, and will be fully furnished/finished to an extremely high standard. They even each have their own balcony! "#47" will offer residents superior communal facilities, including a ground floor reception, laundry room, roof terraces, cycle parking, a fitness room, a communal lounge/games room and a garden/recreation area! The development will also feature high quality finishes and energy efficient technology, ensuring the ultimate experience in contemporary living for discerning residents and long term sustainability.

Set for completion in Q4 2018, investors here can benefit from a developer with an impeccable track record and healthy returns assured for a period of 5 years at 7% Net. The only fee to pay is ground rent which is £500 per annum.

Service charges and management fees are covered for within the first five years and will be circa £1250 per annum thereafter.

There is a distinct shortfall of beds for students in Leicester and so one can only feel that a new project of this calibre will satisfy the ever increasing market demand amongst students in Leicester.

Investment Highlights:

Prices from £57,900
47 studios, 1,2 and 3 bed apartments
7% income assured for 5 years
3% Interest on all deposited funds
Investor friendly payment plan
250 years leasehold
Payment Plan:

£5000 reservation fee
40% deposit on exchange
30% Instalment in June 2018
30% balance on completion

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.

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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.

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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.

250 years left

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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#47 Leicester - Unit 1 - Clarence Street, Leicester, Leicestershire, LE1

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Leicester Station0.4 miles
  • South Wigston Station3.8 miles
  • Syston Station4.4 miles
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About the agent

Opulent, Liverpool

20 Chapel Street Liverpool L3 9AG

Opulent, Liverpool

At Opulent, we believe there is better way to invest in to property. A more secure, transparent and rewarding way, where customers are earned rather than bought. We are obsessively passionate about it and dedicated to helping our investors achieve this.

The owners of Opulent created the company with this thought very much instilled within their DNA. Too many times they had come across poorly researched property investments, developers who were more interested in lining their pockets rat

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