Cheap Studio for Sale in Birmingham - Ref 1014862
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Studio Description
Boutique Student Residence was developed as a unique concept of student accommodation that is more targeted at the end user category of international, post-grad and mature students.
Birmingham has the UK’s 2nd largest student population
More than 64,000 students
51% of full time students in Birmingham have NO purpose built student accommodation meeting the current high level of expectations
2nd largest ”city economy” in the UK
3 Universities and 37 Colleges National Student Survey ranked Aston University 11th in the UK
82% of all graduates from Birmingham Aston University find “Graduate Level” jobs, ranked 9th out of 120 UK Universities
National Student Survey ranked Aston University 11th in the UK
Between 1996 and this year student numbers have risen from 1.8 million to 2.4 million — an annual growth rate of 2.5 per cent that is forecast to keep rising.
Ranked 3rd best UK city for “quality of living” by Mercer
What’s included?
1 Bedroom En suite study apartment in small clusters
4ft bed (three quarter double size) with storage, wardrobe and work station
Large laundry facilities with commercial washing machines & tumble dryers
High speed internet connections in all rooms CCTV and security phone entry system State of the art shared Kitchen Diner in each cluster
Lyttleton House is located conveniently close to Adderley Park mainline rail station which serves Birmingham city centre, only one stop from New Street station.
Local bus services run to most Birmingham colleges.
The campuses of Birmingham City University and Aston University are located within a radius of 1-3 miles from Lyttleton House.
Investment Summary
Individual unit price £42,000
Individual 99 year leases
Year one - 8% guaranteed NET return
Projected NET rental income year 2 onwards 8% to 10 %
Building fully managed by independent management company
Payment Plan
£5000 reservation fee
£16,000 on exchange (two weeks after reservation)
£21,000 on completion (estimated early 2012)
Tenants will sign 12 month rental agreement with Management Company
Quarterly income paid in arrears
Turn-key hassle free investment opportunity
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Approximate price of this 1-Bed Studio
€52,480 EUR |
£42,000 GBP |
US$65,842 USD |
(Currency and Foreign Exchange services supplied by  )
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| Type |
Studio |
| Bedrooms |
1 |
| Category |
Re-Sale |
| Listed |
over 6 months ago |
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Innovative investment strategies offering 25% annualized returns regardless of market conditions
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Price: £42,000
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