Nelson Square offers students accommodation like no other - a superb range of luxuriously appointed en-suite rooms and studios complimented by range of facilities that include a fully equipped gymnasium, a vast central common room with pool tables, pinball and video games - cleverly converted from the hotels former ball room, plus laundry rooms and professionally appointed kitchens for the benefit of rooms that don’t contain their own. Plus all rooms are fully furnished to an exceptional standard and benefit from wall mounted LCD Televisions with free WiFi. Many rooms and suites have glorious views of the historic Nelson Square. Put simply - Nelson Square raises the bar to a new level.
• Student Room with en-suite shower and study apartment
• 4ft bed (three quarter double size)
• LCD TV
• Storage
• Wardrobe
• Work Station
• Cooker Hob/sink/fridge freezer/extractor*
• Full Gym Facility
• Lounge area with LCD Satellite TV in each cluster and Pool Tables
• Large laundry facilities with commercial washing machines & tumble dryers
• High speed internet connections in all rooms
• In the heart of the city centre and next to the University
• Close to local amenities including bus and train station, shopping centres and bars/restaurants
*Facility available in self-contained studio
Boltons regional, national and international profile has never been higher. From the sporting success of Bolton Wanderers and Amir Khan to the cultural impact of personalities of Peter Kay and Sara Cox, Bolton has a distinctive and unique brand that has well and truly put it on the map. It is also a major economic force both in the region and the country. A host of top name companies have their base in Bolton, from Hitachi, RBS and Reebok, to the UK’s 2nd most important retail brand, Warburtons. Added to this, Bolton has the regions fasted growing profession-focused University. Playing a significant role in the development of the Knowledge economy in the North West. Bolton is currently ranked as one of the best places in the UK to start a new business and is increasingly being recognised as the strategic investor destination of choice for real estate investors. Bolton is currently one of the largest towns in England, with a population of 250,000 and hotly tipped to be given “City” status as part of the Queens Diamond Jubilee celebrations in 2012, which will further enhance the profile of this regional powerhouse.
In spite of the gloomy economic climate, the student accommodation sector has remained extraordinarily buoyant, kept afloat by the imbalance of supply and demand of student housing felt in many university cities across the UK. With the assurance of a guaranteed long-term income and appealing yields of between 8% and 10% depending on location and the leasing agreement, investors have been snapping up purpose built student accommodation residences left, right and centre, with an estimated £347,675,000 committed to the sector in the UK since the beginning of 2011. Indeed, student numbers have been rising year-on-year over the last five years, increasing by 4% last year alone according to recent studies with the growth in university students putting considerable pressure on the existing student housing stock across the country. Concerns over the impact on demand due to the forthcoming £9000 a year student tuition fees have been allayed as students will not need to pay any of charges upfront, a key factor in upholding existing levels of housing demand and ensuring upward pressure on rents. In fact, ithas been suggested that the increased fees will place greater importance on value for money and improved quality with student accommodation playing a significant part in the overall university experience.
From only £34,500
• 10% Guaranteed NET Rental Yield (for 1st year)
• Free furniture pack and ready-to-rent including LCD TV
• The First En-suite private student halls in Bolton
• Over 8,000 students from outside of Bolton
• Located in the heart of Bolton Town Centre
• 10 minute walk to The Univeristy of Bolton
• Fully Managed investment
FAQ
Is the building built? - Yes, Nelson Square will be a beautiful refurbished period building in the centre of Bolton.
Am I buying as Freehold or Leasehold? - 125 year Leasehold
Is there any restriction if I want to sell? No, you are free to sell at any time
Is the building fully managed? - We are in discussion with CRM Students, a leading student management company, and other companies regarding management.
Are there any other facilities? - Yes, each floor in the building has a communal kitchen-lounge-diner and there is a laundry and bike storage. There is also a full gym and pool tables.
When will the building be finished? - Q2 2012
Is the sale handled by UK lawyers? - Yes, the conveyancing will be handled by one of the UK’s leading law firms we deal with on a dayto-day basis, yet to be decided.
Is the price inclusive of furniture?- Yes, each room includes high quality 4ft bespoke bed with storage, wardrobe with cupboards & drawers and desk & work chair. Studio rooms include cooker hob/sink/fridge freezer/extractor. Also as a included is an LCD TV.
Can I do anything I want with my en-suite study bedroom? - No, each room will be leased back to the management company on a rolling agreement so that the whole building - in its entirety - can be let as student accommodation
Is there a rent guarantee? - Yes, 10% NET for the first year from the start date
What is the projected return per annum after year 1? - Currently between 8% to 10% NET (conservative, after running costs, management fee, service charge and utilities)
When is my rental income paid? - This is paid quarterly in arrears direct into your bank account from completion
Am I taxed on this income? - If you are a UK resident then yes. If you are ‘nonresident’ in the UK then you are classed as an ‘overseas landlord’ and you can apply to HMRC in the UK for exemption.
