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Landmark Developments are proud to present our latest investment opportunity. Student accommodation is a growing investment market within the UK. Low entry levels, guaranteed rental income and a fully managed, armchair investment should prove to be very popular. Our specialist partner has an excellent track record within the field and as such we have only been allocated 14 units.
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| INVESTMENT SUMMARY | COSTING EXAMPLE |
| • Individual 99 year leases • Year one 10% guaranteed NET return • Projected NET rental income year 2 onwards 8% to 10 % • Building fully managed by independent management company with fixed management fees • £5,000 Reservation Fee • £16,000 on exchange (two weeks after reservation) • £21,000 on completion (on or before January 2012) • Tenants will sign 12 month rental agreement with management company • Quarterly income paid in arrears • Turn-key hassle free investment opportunity |
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| ADDITIONAL INFORMATION |
| PLANNING |
| Lyttleton House is an existing purpose-built student residence which does not require planning approval for change of use. |
| REFURBISHMENT |
| A fourteen week scheme of refurbishment has been put in place which will bring the building up to the modern standards demanded by today’s students. Refurbishment work is scheduled to commence end of June 2011 in readiness for January 2012 and the start of the 2nd semester for 2011-2012 academic year. |
| LOCATION |
| Lyttleton House is located conveniently close to Adderley Park mainline rail station which serves Birmingham city centre, only one stop from New Street station. Local bus services run to most Birmingham colleges. The campuses of Birmingham City University and Aston University are located within a radius of 1-3 miles from Lyttleton House. |
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