KEY INVESTMENT POINTS:
Close to Burnley's prestigious University College of Football Business and just 1 mile from the University of Central Lancashire, Holmes Street Burnley is one of the best value student property investments on the market today. Investors have the opportunity to purchase a studio apartment with en-suite and kitchenette at a pre-launch price of just £44,950 and will receive 10% P.A Net Rental Return assured for 5 years.
University of College of Football Business
University of Central Lancashire
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
This investor option can be executed between the 5th & 7th anniversary from completion
The developer has a call 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
The investor is responsible for supplying a RICS valuation displaying the increase in the value of the studio apartment
Reservation form completed & £2,000 reservation fee paid to the vendor’s solicitor deducted from the deposit on exchange.
Solicitors instructed, legal pack sent out & anti-money laundering process completed.
EXCHANGE OF CONTRACTS
50% of purchase price less reservation fee paid to solicitors & contracts exchanged within 28 days of reservation – unilateral noticed is registered against the land & 50% of the deposit is released to the developer; the remainder of the deposit is held by the solicitor until completion of the superstructure.
50% of purchase price paid to solicitors & purchase completed & individual title deeds registered with the UK Land Registry.
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