For Sale1 Bedroom Studio Flat in 58 Woodgate, Loughborough, LE11 2QD£9,500

** INVESTMENT PROPERTY** These student apartment blocks are fully managed for you and are a great way of getting a better return on your money than just having the funds sat in a bank account. For 2019, the current vendor had a return of £598 every Quarter. The only deduction from the £2,392 rental income is a yearly ground rent of £300. Great investment buy in popular investment block within Loughborough town centre. This spacious studio with en-suite has already got a let agreed so will earn money from day one with the management company. The property is made up of clusters, these are arranged by floor level with 7 rooms to one kitchen or 13 to two kitchens. This airy Classic en-suite room is found on the first floor and is sold as seen with ¾ sized bed, wardrobe, storage space, a large study desk as well as a microwave and mini fridge in room. Shared facilites for the block; Common Room, Disabled Access, TV (communal), WiFi, Cooker, Freezer, Microwave, ¾ Bed Desk & Chair En Suite, Lockable Bedroom, Bike Storage, Cleaner, Laundry Room Investor information; Property currently rented by the building management company. Located in the town centre and in walking distance to all local amenities including local bars, supermarkets and Loughborough University. There is also bus links to and from the University campus. You do not have to find tenants yourself as this is all included in the £300 management fee. Leasehold Information: 250 years from 1 January 2014 Material information: The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.