For SaleStudio Flat in Cheapside, Liverpool, L2 2DY£65,000

Purplebricks are proud to offer this student studio apartment in The Bridewell Building . This is a hands off investment, fully managed by a letting management company. Comprising a double bedroom area and a 3 piece en-suite shower room. The property benefits from a communal lounge/kitchen area. The building has a 24 hour concierge service with well presented communal areas a secure post room and a fully equipped gym. With all three of the cities major universities within walking distance from The Bridewell. Liverpool John Moores is home to around 25,000 students and is only 5-10 minutes away, whilst the University of Liverpool and its 30,000 students can be reached in a further 5 minute walk. The excessive demand for more developments just like The Bridewell stems from the fact that these universities only provide a mere 16% of student beds in Liverpool. With more and more young people selecting Liverpool’s great culture, history and nightlife for their higher education experience, this is leaving around 34,000 students without accommodation. Although the property is empty for sale, it’s reassuring to know that there is always going to be a strong and consistent supply of students to this property. In fact, it boasts a 100% occupancy track record which has been proven since opening. Out of the 6,000 student beds currently being built throughout the city, this one offers the lowest prices, best rental returns and an unrivalled location. Rent in 2023/2024 - £6120 Ground Rent - £250 annually Management fee - £612 (10%) Contract Fee Charge - £1136.61 (collected twice a year- subtotal £2273.22) Payment three times a year