5 Bed Flat For Sale Woodgate, Loughborough, LE11

The Property
FANTASTIC INVESTMENT - Flat 32 at Asha House provides a superb investment opportunity for student let accommodation. The property consists of five bedsit rooms with en-suite shower rooms and a communal kitchen, living and dining area.

Annual Rent: (£110.00 x 52 weeks x 5 beds) £28,600

Annual Service Charge: (3.53% of total s/c costs) £17,581

Net Annual Rent: £11,018


Asha House consists of 126 bedsits and is located at the heart of Loughborough town centre. The building has a secure key fob entry and intercom system, 24/7 CCTV, lift and stairs to all floors, laundry facilities, on site and out of hours team, contained refuge area and secure bicycle storage. The building is maintained by a management company who set rents, service charges, collect the rents and pay 40% of the net rental income in October, 40% in January and 20% in April, based on the academic year and, therefore, a 46 week contract. The students that accommodate the flats are generally post grads or studying for masters. The properties are leasehold and have 132 years remaining on the lease.

40% October - £4,314.40
40% January - £4,314.40
20% April - £2,157.20




Location
Asha House is a few minutes walk away from Loughborough town centre and there is a regular bus service to Loughborough University. Loughborough is a popular university town offering an excellent range of facilities and amenities, with first-class schooling for all ages including the renowned Loughborough Schools Foundation schools (formerly Loughborough Endowed Schools). With a wide range of shopping facilities, cafes, a cinema and out of town retailing, Loughborough is strategically well placed on the Intercity line to London, the M1 provides fast access to North and South, and the surrounding cities of Leicester, Derby and Nottingham are all within easy commuting distance.

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 27/09/2155

Disclaimer for virtual viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.

If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.