IIPW EXCLUSIVE - HOLMES STREET - £44,950

IIPW EXCLUSIVE - HOLMES STREET - ENQUIRY FORM

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KEY INVESTMENT POINTS:

 

  • Self-contained studios
  • £44,950 pre-launch price for first 20 units sold
  • 10% NET Rental Return
  • 5 year rental assurance
  • Interest accrued on deposit
  • Within a 5 minute walk of the University College of Football Business (UCFB)
  • Fully managed by an experienced student accommodation provider
  • 999-year lease
  • Income paid quarterly in arrears
  • £2,000 to reserve 

 

Contact us today for the brochure and full investment pack

THE OPPORTUNITY:

 

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.

 

Contact us today for the brochure and full investment pack

 

The Properties

 

  • Purpose built student accommodation (PBSA)
  • Completion 2015
  • 79 self-contained studios
  • Clusters of 6-7 studios
  • Communal kitchen/lounge for each cluster
  • Each studio has its own kitchenette and en-suite shower room
  • Furniture pack
  • Flat panel television
  • High-speed broadband
  • All bills included
  • 999 year lease
  • Within 250 metres of UCFB
  • Within 1 mile of University of Central Lancashire

 

Contact us today for the brochure and full investment pack

 

 

THE UNIVERSITIES:

 

University of College of Football Business

 

  • 250 metres from Holmes Street
  • First university in the UK to offer degrees & executive education in the football business & sports industries
  • Twinned with UCFB Wembley
  • Reeds Rains source accommodation for all UCFB students in Burnley
  • UCFB is based at Burnley Football Club at the Turf Moor stadium, which maintains its Importance in the global football world
  • UCFB have established links with Holmes Street’s operator Reeds Rains

 

University of Central Lancashire

 

  • UCLan Burnley campus 1 mile from Holmes Street
  • 31,926 students
  • 120 nationalities represented
  • Campuses in Preston, Burnley & Cyprus
  • Awarded the accolade ‘Times Higher Top Modern University for Student Experience 2010
  • 1st year students are accommodated, but there is no provision for 2nd year students & no purpose built student accommodation in Burnley at present

 

Contact us today for the brochure and full investment pack

 

 

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 

 

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

 

Contact us today for the brochure and full investment pack

 

 

PURCHASE PROCESS:

 

RESERVATION 

Reservation form completed & £2,000 reservation fee paid to the vendor’s solicitor deducted from the deposit on exchange.

 

SOLICITORS INSTRUCTED 

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.

 

COMPLETION 

50% of purchase price paid to solicitors & purchase completed & individual title deeds registered with the UK Land Registry.

 

Contact us today for the brochure and full investment pack

 

 

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