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Turris Gate “boosting” your investment income

Turris Gate “boosting” your investment income

A very exciting new launch of ‘already existing’ recently fully refurbished student accommodation, fully tenanted for the past 7 years, in a very popular location for students, providing immediate returns on the investment. This accommodation, situated in a perfect highly desirable student area of Liverpool, is being managed and marketing by an excellent management team ongoing.

As the project is newly launched, we are able to offer “for a limited period only” a cluster of 4 or 7 apartments with a desirable discount, details as follows:

TURRIS GATE LIVERPOOL
- 26 tenanted student bedrooms based over 5 apartments/3 floors
- Tenants already in place for 2012-2013
- 100% occupancy achiever for the last 7 years
- Management and maintenance already in place
- Completely “hands off” investment
- Individual units available at £40,000 each

Costs for reservation
Reservation fee £2,000 for individual units
Reservation fee £5,000 for a cluster of units, either 4 or 7 as below (reservation fee to be deducted from completion figure)

Optional discounts on “clusters” of 4 or 7:
(1) Purchase 4 x single units in a “cluster” on the ground floor of this building at a total price of £152,000 … Which is an excellent £8,000 discount … Net rental yield of 8.21%
(2) Purchase 7 x single units on the 2nd and top floor, at a total price of £266,000 … Which is an excellent £14,000 discount … Net rental yield of 8.52%

Additional costs to consider when purchasing one unit or either of the above:
- solicitor’s fees (Scott Fowler – although you can opt to choose your own solicitor)
- stamp duty 1% of purchase price

Income scale for the investor
(1) INCOME (4 x single units) @ £152,000
Gross Rental income £14,560
Annual Bills £ 846
Management fees £ 1,238
NET INCOME £12,476 PER ANNUM
NET YIELD = 8.21%

(2) INCOME (7 x single units) @ £266,000
Gross Rental income £26,390
Annual Bills £ 1,481
Management fees 2,243
NET INCOME £22,666 PER ANNUM
NET YIELD = 8.52%

3) INCOME (1 x single unit) @ £40,000
Gross Rental Income £ 3,640
Annual Bills £ 211.5
Management fees 309
NET INCOME £ 3,119 PER ANNUM
NET YIELD = 7.80%

Video of Turris Gate

 

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Related: 
Turris Gate development
Student investment properties