Ad Title: Room 36 (ref. 23767305) |
Date & Time Listed: 2016-12-01 09:04:24 (GMT)
Type of Ad: Want to Sell
Room36 Aparthotel Bradford
Provides 10% guaranteed net return per annum
Completion Q4 2017: Invest from only £35,000
Immediate returns, 179% ROI over 10 years
Introducing Room36, a purpose-built aparthotel in the centre of the city of Bradford. Built as part of an ongoing 20-year development, this purpose-built property signifies an alternative buy-to-let opportunity in the heart of Bradford’s “Learning Quarter”, which encompasses the University and College campuses. Comprising just 7 executive suites and 28 studio apartments, the aparthotel will service visiting lecturers, student families and wider tourism due to its city centre proximity.
A fantastic investment purchase, Room36 offers two purchase options offering generous space, en suite facilities, modern furnishings and kitchen fixtures – resulting in the luxury of a hotel with the comfort of a private apartment. With rooms available to purchase from only £35,000 cash input, this development is likely to sell out rapidly, therefore anyone interested is urged to contact us today to discuss this opportunity in further detail.
Room36 Aparthotel Bradford: Purchase Highlights
Room36 Aparthotel is now available for investment purchase, with a number of purchase benefits for savvy individuals. The unique leaseback sale opportunity ensures the developer is responsible for the day-to-day running and ongoing costs of your property, providing you with an affordable, passive, income generating asset.
Studio & one bedroom apartments in a purpose-built aparthotel
Fully managed properties 3 Purchase from only £35,000 cash input
Excellent location in the heart of Bradford City Centre
10% NET returns for 10 years
125% buy back option in year 10
Thriving market from nearby universities
No ongoing maintenance fees or charges
Generate up to 179.29% ROI
Reserve for only £1,000
Room36 Aparthotel Bradford: Investment Summary: Studio Apartment
By purchasing a Studio Apartment at Room36 with the developer deferred funding option, you are able to offset your total capital outlay from £55,000 to £35,000 by deferring £20,000 against your fixed annual rental income.
In years 1 – 3, you receive 10% of the cash input value (£35,000) per annum, giving you a fixed rental of £3,500; this is then drawn down to service the deferred amount.
In years 4 – 10 you receive 10% of the full purchase price (£55,000) per annum, giving you a fixed rental of £5,500; £1,357 of this is then drawn down per annum to service the deferred amount and the balance of £4,143 is paid to you annually in arrears.
ROI = (buy-back (125%) £68,750 + cash returns £29,000 – (minus) initial cash input £35,000) / (divided by) initial cash input £35,000 = 179.29%
Purchase Price: £55,000
Client Cash Input: £35,000
Reservation Fee: £1,000
Balance of cash input: £34,000
Assured tenancy period: 10 years
No. years cash input: 3
No. years full purchase price: 7
This property is a Flat for sale.
Number of Bedrooms: 1
Number of Bathrooms: 1
Price: 35,000.00 GBP
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