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6 bed property
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Our Summary
- Currently all rooms are occupied on a 39 week agreement generating £26,200 per annum in rent which represents a 10% net yield (service charges and other costs are approximately £16,000 per annum)*Auctioneers Additional CommentsPattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'
- This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent
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Description
The property is a 6-bedroom cluster of ensuite apartments for students, located in the Leighton Halls area of the city center, near bars, restaurants, and leisure amenities. It has a communal area for cooking, dining, and TV viewing, as well as shared facilities including a laundry room, cinema room, and games room. Each apartment is a study/studio space with a private area for study, sleep, and wash.
The property is managed by an in-house letting agency and is sold via secure sale online bidding with a starting bid of £90,000. It has a C EPC rating and generates £26,200 per annum in rent from 39 week agreements.