Property for sale in Burnley, BB11
Holmes Street, Burnley, BB11£40,640
Agent details
This property is listed with:
Full Details for Property for sale in Burnley, BB11 :
This student investment opportunity is located in the heart of Burnley and is very close to both they Towns' universities & amenities. Offering self contained purpose built studio units & with a 10% net rental returns assured for 5 years this is an ideal investment for anyone looking for a rewarding, hassle free opportunity.
INVESTMENT HIGHLIGHTS:
Self-contained Purpose Built Studios priced at £44,950
10% NET Rental Returns with a 5 year rental assurance
Interest accrued on deposit
Defined exit strategy
Within 250m of the University College of Football Business (UCFB)
Fully managed by an experienced student accommodation provider
999-year lease
Income paid monthly in arrears
£2,000 to reserve
EXIT STRATEGY:
Developer Option
This exit is based on the resale of the entire building to an institutional or corporate investor
Institutional investors typically buy an asset with a proven track record. Investors will have a put option written into the purchase contract stipulating the unit has to be sold if a minimum uplift of 30% on the purchase price is achieved. This developer option can be executed between the 5th & 7th anniversary from completion
Investor Option
This investor option can be executed between the 5th & 7th anniversary from completion.
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House Prices for houses sold in BB11 3BE
Stations Nearby
- Burnley Barracks
- 1.1 miles
- Burnley Manchester Road
- 0.6 miles
- Burnley Central
- 0.7 miles
Schools Nearby
- The Nook School
- 4.9 miles
- Linkway House School
- 0.9 miles
- Heathland College
- 5.5 miles
- Burnley Springfield Community Primary School
- 0.2 miles
- Burnley St Stephen's Church of England Voluntary Aided Primary School
- 0.4 miles
- St Mary's Roman Catholic Primary School, Burnley
- 0.4 miles
- Unity College
- 0.3 miles
- Burnley College
- 0.5 miles
- The New Burnley (Secondary) Special School
- 1.0 mile
