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51 Tanner Row1 bedroom Studio for sale

£60,000
Sold STC
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Main features

  • INVESTMENT OPPORTUNITY
  • City Centre Location
  • Fully Managed
  • Communal Facilities, Gym/Cinema etc
  • CHAIN FREE
  • Walking Distance of the Train Stn
  • Car Parking Space Optional For the Student
  • Period Building

About this property

INVESTMENT OPPORTUNITY PROVIDING UPTO 14% ANNUAL YIELD!

The student accommodation available is all bills included to the student tenant – however, all utility bills and service charge costs are deducted before rent is paid quarterly to investors.

Viewings can be arranged if so required, a minimum of 48 hours’ notice is required.

FINANCIALS-

Service Charge for 2023/24 £2205.78

Management Fee inclusive of VAT £764.56

Tenant find fee of £300 inclusive of VAT.

Sinking fund contribution of £100 per annum.

Annual Ground rent £243.82. The tenancy for September 2023 to July 2024 is 48-weeks at £175, total contract value is £8,400.

MANAGEMENT- Primo Property Management – the company that manages the building and deals with securing Tenants.

Tenant Find Fee £250 + VAT (£300)**

This includes: Marketing the property on various on-line portals (Accommodation for students and Primo website, plus administration of student referral scheme).

Responding to enquires from marketing, including:

Contacting prospective tenants and arranging viewings

Sending out application forms and providing further information on the property and facilities

Conducting viewings

Viewing follow ups Dealing with all due diligence, including right to rent legislation, tenant/guarantor referencing, raising of legal contract and pursuing to sign up

Organisation of check in date and time, provision of prescribed information and EPC.

Registering the deposit with MyDeposit

Termly Inspections

Negotiations on tenancy Renewal Check, communication with My Deposits regarding release for the Deposit

Dealing with Deposit disputes to achieve a resolution

** Annual charge