Lyttleton House, Birmingham
- Individual unit price £42,000
- Year one 10% assured NET return
- Individual 99 year leases
- Projected NET rental income year 2 onwards 8% to 10 %
- Building fully managed by independent management
- £5,000 Reservation Fee
- Tenants will sign 12 month rental agreement
Introduction
Lyttleton House, Birmingham
Student Accommodation investment within close proximity to various university campuses in Birmingham. All apartments will boast a free furniture pack and will be provided to the investor 'ready to rent'.
Lyttleton House, Birmingham is an existing purpose-built student residence, whereby a fourteen week scheme of refurbishment has been put in place which will bring the building up to the modern standards demanded by today's students. Refurbishment work is scheduled to commence end of June 2011 in readiness for January 2012 and the start of the 2nd semester for 2011-2012 academic year.
The apartments are priced at £42,000 and provide an assured NET rental yield of 8% for the first year. From year 2 onwards, projected rental yields are currently 9.6%.
The building will be fully managed by an independent management company with fixed management fees, whereby tenants will sign a 12 month rental agreement with the management company.
What's included?
- 1 Bedroom en-suite study apartment in small clusters
- 4ft bed (three quarter double size) with storage, wardrobe and work station
- State of the art shared Kitchen Diner in each cluster
- Lounge areas with LCD Satellite TV in each cluster
- Large laundry facilities with communal washing machines and tumble dryers
- High speed internet connections in all rooms
- CCTV and security phone entry system
Location of Lyttleton House
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HINT #2: On the map in the top left, if you see an orange man, drag him to the location on the map for "street view"
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